Wenger's current contract will expire in 2014. That means, he had stayed one more season on his contract, and according to The Sun Wenger is likely to get another two-year contract extension.
The news comes after Arsenal fans are reportedly dissatisfied with its performance. Failure in the FA Cup making Arsenal fasting trophy eight years, although they still survive and still has a chance in the Champions League.
The fact that the Gunners still survive in the Champions League does not change the fact that pitched screams sounds of scorn from fans who were there at the Emirates Stadium last weekend. They were upset to see his side knocked out at the hands of Blackburn Rovers.
"It is normal if the fans were disappointed but we also want them to believe," says Thomas Vermaelen.
Wenger position was touted at stake. However, the news from the Daily Mirror says that Arsenal officials still believe in the French manager.
Wenger will even get abundant transfer funds to strengthen the team in the market next summer. Some players, such as Etienne Capoue and Stevan Jovetic, was reportedly ready to be brought.
Managers nicknamed The Professor is one of the most expensive manager in the world. Although he was almost eight years not giving a trophy to Arsenal, he still earns a grade of "well", which amounted to £ 7 million a year.
Arsenal own profits rise in the last few seasons. But, it also does not cover critique about sold several star players in recent seasons.