Arsenal have offered Alex Oxlade-Chamberlain a new four-year deal worth £125,000-a-week to fend off interest from Chelsea.
According to the Daily Star, manager Arsene Wenger is desperate to keep the Englishman at the club.
The 24-year-old has featured in Arsenal's first two games of the season against Leicester City and Stoke City.
At the start of the month, the Frenchman confirmed that his goal is to keep the winger at the Emirates.
"Yes [he is part of my plans], I think in his career he had some bad moments because he had some small injuries," Wenger said on Wednesday.
"Last year he was much more stable. Personally, I think he is a hugely talented player. He is on the way up and he will continue to move up because that potential is there.
"He is today very conscious of his qualities as well, which he was not always, and I personally believe he will be a very great player."
