Arsene Wenger is close to signing a two-year contract extension with Arsenal.

Wenger has been in talks with the club about a contral renewal for months and report says a deal could be signed imminently. The Frenchman, whose current £7.5 million-a-year agreement would expire next summer, is expected to pen an extension that runs until 2016.

The new contract would extend the reign of Arsenal’s longest-serving manager to a remarkable 20 years if it is honoured, by which time he will be 66.

The Gunners hierarchy and Wenger have nearly reached agreement on the terms of the deal, which will be supplemented by bonuses but is not expected to include a basic salary increase. Wenger wants to stay for personal as well as professional reasons.