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Arsene Wenger is close to putting pen to paper on a new contract with Arsenal worth £24 million, according to The Times (subscription required).
Matt Dickinson reports that contract negotiations have been going on for a number of months now, and the two sides are close to reaching an agreement.
Arsène Wenger is close to agreeing a new contract with Arsenal that would take his tenure as manager into a third decade. Talks over a new three-year deal, worth £24 million, have been taking place since October and the North London club are increasingly confident he will sign next month.
Wenger has yet publicly to commit himself to Arsenal beyond his existing contract, which expires at the end of the season, but has made it clear to his staff and senior players that he is planning for the long term.
The club have offered a three-year contract worth £8 million a year, which would make him the second highest-paid manager in the Barclays Premier League, after José Mourinho, and take his length of service to 21 years.
Meanwhile, Wenger has hit out against rules that prevent players on loan playing against their parent club. Citing the example of Romelu Lukaku—who his Arsenal side will face on Saturday, but who was unable to face Chelsea earlier in the season—Wenger told the Daily Mail:
Once you are on loan, it should be a transfer—you play for the club. You cannot play for the club only in 19 games and not against another club.
If you ask me my opinion, I’m not against loans. But you should be capable to play against everybody.