Arsene Wenger to extend Arsenal contract?

Arsenal manager Arsene Wenger is reportedly ready to sign a new deal with the club which would keep him in charge until 2016.

The Gunners boss has a current deal which expires in the summer, leading to some reports linking him with the job at Paris Saint-Germain.

However, the Frenchman will end the speculation by inking a new two-year extension on his existing contract which earns him around £7.5m a year, according to Goal.com.

The contract will take Wenger up to 20 years in charge of the North London outfit.