According to ESPN, Arsene Wenger has been offered a new three-year contract worth £24 million by Arsenal. However, Le Prof has decided not to sign the deal on offer and will instead wait until at least halfway through the season before he makes up his mind. Arsenal fans want their legendary manager to sign the deal now.
Speaking to the media before the Gunners' Champions League clash with Borussia Dortmund, Wenger said:
I will make a decision halfway through the season.
Deep down I have an idea what I want to do, but give me a bit of time.
What interests me above all is to meet the expectations of our fans.
Considering the phenomenal run Arsenal have been on since last March, this is not exactly the news that Gunners fans want to hear.
To say that the last 13 months have been a roller coaster for the North London club would be a huge understatement. In September 2012, the Gunners were well-placed in third position to mount a title challenge.
Yet just over two short months later and Arsenal were languishing in 10th after losing at home to Michael Laudrup's Swansea City—the Gunners' lowest league position since 1994—and qualifying for the Champions League was nothing but a pipe dream.
Somehow or other the Frenchman turned the season around. A second-half-of-the-season surge after losing 2-1 to bitter North London and Champions League rivals Tottenham Hotspur saw Arsenal go unbeaten for the final 13 games. The Gunners won 11 and drew twice in that phenomenal run and pipped Spurs to fourth place on the final day of the season.
They then started off this season with a defeat to Aston Villa that was roundly met with a chorus of boos from the unhappy Gooners in the stands at the Emirates Stadium.
Again he managed to sway the fans and turn things around in the face of adversity. The defeat to Dortmund is Arsenal's only blip since the Villa loss with the defeats bookending an amazing run of 11 wins and just one draw.
To say that Wenger had turned Arsenal around would also be a huge understatement. Le Prof worked a minor miracle.
Now the club wants the Frenchman to commit and he is seemingly not ready.
Here, Bleacher Report offers five reasons why Arsene Wenger must sign a new deal at Arsenal.