Alexis Sanchez is ready to open talks with Arsenal over a new deal that will see him become the club's highest earner, reports Goal.
The Chile international has become the main attraction at the Emirates following his arrival from Barcelona in 2014. He has scored 22 goals in 45 Premier League appearances and is widely considered to be Arsenal's best attacking player since Thierry Henry.
Despite his star status, Sanchez is currently the third highest paid player at the club. Earning £130,000-a-week, his wage is dwarfed by that of Theo Walcott and Mesut Ozil, who both take home £140,000-a-week.
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However, Arsenal are willing to give Sanchez a pay rise to reflect his position in the squad whilst also tying down his long-term future. The 26-year-old's contract is due to expire in 2018, but Arsene Wenger wants to extend it to the end of the decade.
Now Sanchez's representatives have told the Gunners that their client is receptive to the idea of prolonging his stay in north London despite reported interest from Real Madrid. Sanchez is happy in the English capital and has recently invested millions in a new apartment in Kensington.
While Wenger may have disappointed fans with his lack of transfer activity in the summer, the Emirates faithful can surely be glad to see their long-standing manager is working hard to seal the futures of his current crop of stars.
Santi Cazorla, Olivier Giroud and the aforementioned Walcott have all signed long-term contracts in the recent past while Nacho Monreal is believed to be close to agreeing fresh terms.
Ozil, who alongside Sanchez has been one of Arsenal's stars this season, is also in line for an extension that will almost certainly see him rewarded with another pay rise.