Arsene Wenger is set to begin negotiations on a new contract with Arsenal, the Daily Star understands.
The Frenchman has is currently overseeing a winning streak that stretched to ten games following their Champions League victory over Napoli on Tuesday evening, and that good form has convinced Gunners chiefs to offer him an extension to his current deal, which is set to expire next summer.
Paris Saint Germain are reportedly interested in making an approach for Wenger, though owner Stan Kroenke has spoken for the board in saying that all are keen for the 63 year old to remain at the Emirates.
Elsewhere, Mikel Arteta has played down comparisons between the current Arsenal side and the 2003/04 Invincibles, according to Sky Sports.
The midfielder has spoken of the quality within the current crop of players, and has joined the masses in lavishing praise on record signing Mesut Ozil, but believes that comparisons with the last squad that won the title for the club are premature.
Meanwhile, the Gunners and Manchester City will battle for the signing of Borussia Dortmund midfielder Marco Reus, according to the Daily Star.
The 24 year old has a £34m buyout clause in his contract, though officials at the Bundesliga side are sure that he will stay put.