Arsenal are set to offer their manager Mikel Arteta a new three-year contract worth around £25 million.
The 39-year-old's current deal is set to expire in 2023, and The Sun are reporting that Arteta is due to be offered a contract that would pay him the same wages as Arsene Wenger when the Frenchman left the club in 2018.
Interestingly, the agreement would put the Gunners boss in fifth place in the rankings for the Premier League's highest-paid managers.
But, there is a vast gap between him and some of the managers at the top of the list, with his new £8.3m per year salary seeing him earn only half as much as several other managers around the league.
In a report, The Sun have provided a definitive list ranking the Premier League's top-earning managers, and amongst the insanely figures, there are a couple of surprises.
Take a look at the list below...
Premier League Manager's Salaries
20. Thomas Frank (Brentford) - £1.5m
19. Dean Smith (Norwich) - £1.5m
18. Graham Potter (Brighton) - £2m
17. Bruno Lage (Wolves) - £2.5m
16. Eddie Howe (Newcastle) - £3m
15. Sean Dyche (Burnley) - £3.5m
14. Patrick Vieira (Crystal Palace) - £4m
13. Roy Hodgson (Watford) - £4.5m
12. Steven Gerrard (Aston Villa) - £5m
11. David Moyes (West Ham) - £5m
10. Frank Lampard (Everton) - £5m
9. Ralph Hasenhuttl (Southampton) - £6m
8. Thomas Tuchel (Chelsea) - £7m
7. Marcelo Bielsa (Leeds) - £8m
6. Ralf Rangnick (Manchester United) - £8m
5. Mikel Arteta (Arsenal) - £8.3
4. Brendan Rodgers (Leicester) - £10m
3. Antonio Conte (Tottenham) - £15m
2. Jurgen Klopp (Liverpool) - £16m
1. Pep Guardiola (Manchester City) - £19m
So it seems Man City top another leaderboard, with Guardiola earning more than double the amount the Gunners manager will earn per each year.
But that considerable figure can largely be credited to his success, guiding the Citizens to three league titles in the last five years, with his side not far off claiming their fourth this season.
Likewise, Liverpool manager Klopp also earns an eye-watering salary, banking £16m for his efforts guiding Liverpool to their sixth Champions League trophy in 2019 and first Premier League title in 2020.
Tottenham boss Conte ranks in third place after he secured a £15m per year contract to take over the reins from Nuno Espirito Santos in November.
Interestingly, under-fire manager Rodgers claims fourth place, banking £10m per year and skirting in ahead of Arteta, and Man Utd's interim manager Rangnick, who earns £8m per year.
Perhaps the most intriguing of all is Chelsea manager Tuchel's meagre £7m per year salary.
Considering the wonders the German worked guiding the Blues to their second Champions League title, it is interesting to see Tuchel ranks much lower down in this list compared to other managers working in for the Premier League's biggest clubs.
Brentford manager Frank and Norwich boss Smith are the lowest-paid managers in the top flight, both earning £1.5m per year.
Despite the stirring job he is doing at Brighton, Potter is the third-worst paid manager in the league, earning £2m per year.
Newcastle manager, Howe, also interestingly sits on a lowly pay packet of just £3m per year despite Newcastle's recent £300m takeover.