Arsenal officials are hopeful that Arsene Wenger will agree a new deal this week after booking their place in the FA Cup final against Hull City, reports the Daily Mail.
The Gunners fans were left biting their nails at Wembley on Saturday evening as Lukasz Fabianski became a hero, saving two penalties to gift Arsenal a 4-2 shootout victory after the game had finished 1-1 against Wigan Athletic.
It had looked ominous for Arsenal, who had to wait until the 83rd minute for Per Mertesacker to equalise after Jori Gomez had put Wigan ahead.
Although far from a convincing performance, Arsenal will be delighted to have reached their first FA Cup final since 2005, where they beat Manchester United on penalties - their last major trophy.
Now officials at the Emirates Stadium are keen to secure the future of manager Wenger, who only has three months to run on his current deal.
The Frenchman has already agreed a £150,000-a-week, two-year deal in principle but has yet to put pen-to-paper, forcing Arsenal to make contingency plans in case Wenger changes his mind.
Both Stan Kroenke and Ivan Gazidis joined the Arsenal players in the Wembley dressing room to celebrate their victory but attentions will turn back to Wenger's future after they face West Ham on Tuesday night.
Wenger has already given the club his word that he will stay and Gazidis remains less than concerned about the matter but is still keen to get everything signed.
Speaking to reporters after the nervy victory, Wenger said: ‘The result of the final will not have any bearing on my future. Mentally it was important we didn’t go out tonight, the consequences if we had lost would have been worrying.’