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The forward has been in talks with the club, and it is said the new deal was all agreed on in February.
Bukayo Saka will sign a new deal with Arsenal that will last until 2028.
According to transfer guru Fabrizio Romano, the youngster’s new contract and details will soon be made public.
Saka has been a phenomenal player for the Gunners, who remained tightly in the Premier League race before collapsing in the latter stages.
His critical contributions in a campaign that saw the North London club seal a place in the Champions League mean he deserves an improved deal.
Meanwhile, the Gunners are hoping to agree on a new deal with Martin Odegaard in the coming months.
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20:10 - 17.05.2023
Arsenal winger offered third contract after two declined offers
Reiss Nelson has received a third contract offer from Arsenal after declining two contract offers given to him by the club.
With 15 goals and eight assists, the Norwegian established himself as one of the key players for Arsenal this season, and he is now set to enter into talks to renew his contract.
The 24-year-old is expected to be as phenomenal as he has been this season when the Gunners challenge on multiple fronts next season.
Since he joined the club on a permanent deal in 2021 from Real Madrid, he has developed into an indispensable player under Mikel Arteta.
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13:23 - 16.05.2023
FOOTBALL Bayern balks at €70m Cancelo price tag
Since joining Bayern on loan during the winter transfer window, Cancelo has failed to impress the club's management, resulting in doubts about his long-term prospects with the Bavarian giants.
The midfielder is the captain of the North London outfit and has not been linked with a move away in the summer. His current contract runs until 2025, and the club is understood to be keen to tie him down with a longer deal.
In the new deal, he is also expected to see a pay raise.
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