Arsenal are on the verge of extending Pierre-Emerick Aubameyang’s contract by a further two years to keep him at the club until 2023, according to a report.

Speculation has mounted in recent months over the Gabon striker‘s future. The 31-year-old has entered the final year of his current deal, heightening such uncertainty.

Gunners boss Mikel Arteta said previously it was the club’s top priority to tie Aubameyang down. The striker netted 29 goals this season, scoring in the semi-finals and final of their triumphant FA Cup campaign.

An initial report claimed Arsenal’s initial offer would include a £250,000 weekly salary, £50,000 more than his current wage.

Now, The Telegraph‘s latest report says the offer will likely be worth more than that and include “lucrative bonuses”.

What’s more, talks have advanced rapidly and Arsenal are now preparing their final proposal to the striker. The club have reached that stage after agreeing on several “verbal promises” with the player.

Moreover, aside from the pay rise, Arsenal’s decision to continue first-team development has buoyed Aubameyang’s mindset.

That decision was crucial given Arsenal have proposed 55 redundancies. The lost jobs will mostly come from the club’s administrative and commercial departments.