Arsenal look set to hand Alexis Sanchez an early Christmas present by offering him a bumper pay rise in a new five-year deal.
His current deal is set to expire in 2018, but as clubs begin preparing their plans for the upcoming transfer window, it is clear Arsene Wenger would like to warn off any potential bidders for his star man.
According to The Mirror, Sanchez could earn up to £130,000-a-week having proved his worth in the Premier League since his £29.5 million move from Barcelona last year.
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In his debut season, the 26-year-old scored 16 goals for his new side and fully justified his big money move, becoming an instant fan favourite.
Sanchez has not been at his all-conquering best this season following his Copa America exploits with Chile during the summer, however his true ability returned last week when he hit a hat-trick in Arsenal’s 5-2 victory at Leicester.
Although they were his first goals of the season he might just be peaking at a time where Arsenal need the magician the most.
Another disappointing defeat midweek to Olympiakos in the Champions League has heaped even more pressure on Arsene Wenger and news of a possible contract extension will certainly improve the mood in the Arsenal camp.
Talks are expected to take place in December, but Arsenal fans will be desperate for Sanchez to sign on the dotted line as soon as possible before another European giant registers their interest.