Arsene Wenger will sign a new two-year deal during the next international break in March, according to the Sunday Mirror.
The tabloid claims the Gunnners are keen for the Frenchman to decide his future before the end of the season so that they can turn their attentions to Mesut Ozil and Alexis Sanchez.
Wenger’s contract expires at the end of this season but he is yet to confirm his plans for the future.
The Mirror says the club are hopeful Wenger will commit his future to the club in March when the Premier League takes a short break.
England play a friendly with Germany in Dortmund on March 22 before facing Lithuania in a World Cup qualifier at Wembley on March 26.
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Wenger’s future has been the subject of speculation all season with Massimiliano Allegri, Eddie Howe and Ralph Hasenhuttl all linked with replacing him at the helm.
Juventus coach Allegri has recently insisted he is not planning on leaving for Arsenal and it now seems that Wenger may indeed opt to carry on at the club he has managed for the last 20 years.
Wenger decision to stay should surely see Ozil then sign a new deal, should he prove true to his words, which would just leave Sanchez.
The Chile international continues to be linked with a move away, and his current on-field frustrations are doing very little to dampen the rumour mill.
However, Wenger has insisted Sanchez wants to stay and the club will find an agreement and having tied down Laurent Koscielny, Francis Coquelin and Olivier Giroud this week, the club will be hoping their star man will also commit.