Arsenal boss Arsene Wenger is set to sign a new three-year deal with the club, reports the Daily Mail.
It has been suggested that the Gunners' owner Stan Kroenke is in London to complete the deal with Wenger, which will be worth £24 million.
Despite suffering an eight year trophy drought with the club, the Arsenal boss has enjoyed an extremely successful season so far.
The north London outfit currently sit top of the Premier League and have a UEFA Champions League Round of 16 clash with current holders Bayern Munich next month.
Arsene Wenger will be desperate to win a trophy with his side this season and will be hoping his team continue their fine form throughout the rest of the campaign.
Another trophy that Arsenal can win is the FA Cup and the Gunners will turn their attention to that piece of silverware later this week.
On Friday, the Gunners play host to League One outfit Coventry City at the Emirates.