Arsenal boss, Unai Emery, has reportedly approved a new salary for Super Eagles’ forward, Alex Iwobi.
The Gunners academy product has snubbed interest from Lazio and is set to sign a new five-year contract.
According to The Sun UK, the deal is worth around £70,000-a-week.
Iwobi is expected to sign when the squad return from their pre-season trip to the far East after their game against Paris Saint-Germain on Saturday.
Arsenal wanted a new deal agreed before the World Cup, however, talks went on the backburner while the club looked to replace Arsene Wenger.
Iwobi made his debut in the defeat to Sheffield in League Cup in 2015 and scored his first goal at Everton five months later.
Last season, Iwobi made 40 appearances in all competitions for Arsenal and scored three goals.
The Gunners face Atletico Madrid in Singapore today followed by PSG on Saturday in the same stadium.
Chelsea are up next at the Aviva Stadium in Dublin on August 1, before a trip to the Friends Arena in Sweden to play Lazio.
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