Arsenal is growing increasingly confident about reaching an agreement for a contract extension with midfielder Martin Ødegaard, according to sources from ESPN.
The 24-year-old’s current contract is set to expire in 2025, but negotiations for a new deal are progressing positively. It is anticipated that Ødegaard will extend his commitment to the club for at least another two seasons.
Furthermore, Ødegaard is expected to receive a substantial wage increase from his current £120,000-a-week salary to better reflect his performance and elevated status since joining the club in January 2021.
The Norwegian international initially arrived at Arsenal on a six-month loan from Real Madrid before completing a permanent transfer in the summer of 2021 for a fee of approximately £30 million ($37 million).
Ødegaard was named Arsenal captain last summer and has scored 26 goals in 110 appearances for the club.
He refused to be drawn on his contract situation when asked earlier this week while on international duty with Norway, who he also captains.
Ødegaard said: “I don’t have much to say, apart from the fact that I am very happy at Arsenal and I hope I can be there for a long time.
“Beyond that, I have no comment right now. Now, it is the national team that is in focus.”
Arsenal take on Everton on Sunday in their next game.