Arsenal have decided to offer Alex Oxlade-Chamberlain improved contract terms to ward off interest from the likes of Chelsea, according to the Daily Star.
The Gunners have reportedly offered the 24 year old £125,000 a week, £25,000 a week more than than £100,000 they had previously proposed to the England international.
Oxlade-Chamberlain has just one year left on his contract at the Emirates, and is interesting other Premier League teams including Liverpool and Manchester City, as well as their London rivals.
The Evening Standard reported last week that Chelsea offered £35m for the winger and were increasingly hopeful that a deal could be done for the player before the end of the transfer window.
The midfielder has been played regularly in a wing back position by manager Arsene Wenger at the start of this season, and with the new offer having been made to Oxlade-Chamberlain, the club are now said to be confident the player will stay for the long term.