The report also mentions that Wenger has already turned down a £30million a year offer to manage in the Chinese Super League. His contract offer from the Gunners is reportedly worth just one third of that proposal, roughly £10million a year.
The Arsenal manager was offered a two year contract extension earlier in the season, with a wage rise of £2million a year. The Gunners will expect a decision from Wenger in the next two months after the Frenchman told German TV station ZDF last month that he would make a final decision on his future in March or April.
Uncertainty surrounding Wenger’s future at the club has led to a number of high profile names being linked with his position, including Juventus manager Massimiliano Allegri, Borussia Dortmund’s Thomas Tuchel and Monaco boss Leonardo Jardim, who are seen as the front runners for the job.