Alex Iwobi has reportedly agreed to a new five-year contract at Arsenal.

According to The Sun, the Nigeria international will now be smiling to the banks with more than double his previous wage as a £70,000 (N33,000,000) a week deal is on the table for him to stay at the Emirates Stadium.

Iwobi came through the youth system at Arsenal and is just two appearances short of 100 for the Gunners.

The 22-year-old has been a regular over the last two seasons, but his future at the Emirates Stadium is believed to be unclear following the arrival of Unai Emery as head coach.

Recent reports claimed that the attacker could be available for £22m this summer amid interest from Lazio, but according to The Sun, Iwobi has now committed his long-term future to Arsenal.

The report claims that the announcement will be made official once Arsenal return from their pre-season trip to the Far East.

Iwobi scored three times and registered seven assists in 40 appearances in all competitions for his London club during the 2017-18 campaign.

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