Discussions are expected to continue in the Summer with the Board expected to offer the Frenchman a new 3-year-deal that will keep him at the Emirates until 2014.
Wenger, whose contract expires at the end of next season, is on Real Madrid's radar (The Spanish club is willing to go the length for his signature), but he's commited his long term future to Arsenal and we are led to believe there is no urgency over the situation.
The Chairman Peter Hill-Wood, and Chief Executive Ivan Gazidis have reiterated their desire to keep the 60-year-old manager at any cost.
Meanwhile, Marouane Chamakh is set to join Arsenal on a free transfer at the end of the French season.
He told the Daily Telegraph: "I love Arsenal's game. I will have to adapt but I know the short passing game. There were approaches from Liverpool, Tottenham and offers from Russia, which were much greater than the ones from England, but I was focused on the Premier League."
