Arsenal manager Arsene Wenger will sign a new contract with the club, according to chief executive Ivan Gazidis.
Wenger, whose contract at the Emirates Stadium expires at the end of this season, has previously been linked with a move away from the club that he has managed since 1996.
Ligue 1 leaders Paris Saint-Germain were said to be keen on his services prior to the appointment of former France coach Laurent Blanc in the close-season
The 64-year-old, the longest serving manager in English football, came under some pressure from supporters at the start of the Premier League season following a 3-1 home defeat to Aston Villa on the opening day.
However, Wenger, whose last trophy with Arsenal came back in 2005 with a victory over Manchester United in the FA Cup final, has since won over his doubters.
Arsenal are top of the Premier League going into Tuesday's trip to Southampton, and Gazidis revealed that Wenger is set to be rewarded for a fine season.
"Arsene will be extending (his contract) with us and at right time we will make that announcement," Gazidis said.
Wenger's men are a point clear of Manchester City at the summit of the English top flight after taking 51 points from 22 games, with Chelsea a point further back in third.
Arsenal have not won the Premier League title since their famous unbeaten season in 2003-04, which was the Frenchman's third top-flight crown.
|Rodgers: Balotelli may have to get used to bench|
|Lallana: I was trying too hard|
|Pardew braced for Old Trafford test|
|Adriano announces Le Havre deal|
|Song to face ´brother from another mother´ Fabregas|
|Walker juggles music, football careers in Sweden|
|Lescott unfazed by City reunion|
|Tskhadadze appointed Georgia coach|
|United to finish top three - Ferdinand|
|Allardyce: Stamford Bridge stalemate saved my job|
|Southampton need three January signings, says Watson|
|Liverpool can make Champions League, says fanzine editor|
|Walsh: Hull clash crucial for Leicester|
|Toure, Aubameyang and Enyeama make shortlist for African gong|
|Docherty backs Chelsea to win two-horse race|
|Liverpool could benefit from Hyypia influence - Scales|
|Saudi Arabia name Asian Cup squad|
|Forty-year-old Cahill no problem for Postecoglou|
|Wenger criticism baffles Redknapp|
|Leicester must strengthen in window - Walsh|
|United not title contenders - Docherty|
|Koeman: Southampton youngsters will get a chance|
|Dyche empathises with Liverpool striker crisis|
|Cagliari turn to Zola|
|Rooney thanks Van Gaal for Christmas break|
|Cruzeiro offer Paulinho Tottenham exit chance|
|Carlisle´s wife grateful to Burnley|
|Katebe called up to Zambia AFCON squad|
|Cape Verde name AFCON squad|
|Finke names much-changed Cameroon squad|
|Grant omits World Cup troublemakers for AFCON|
|Blackpool striker Ranger goes AWOL|
|Allardyce relishing Mourinho meeting|
|Ashley fails to increase Rangers stake|
|Crystal Palace v Southampton: Koeman calls for focus|
|Warnock targeting striker in January|
|Chelsea v West Ham: Adrian vows visitors will attack|
|Heskey signs short-term deal at Bolton|
|Everton v Stoke City: Martinez eyes strong form|
|Juninho defends David Luiz|
|Burnley v Liverpool: Dyche defends Rodgers ahead of Turf Moor test|
|Arsenal v QPR: Wenger eyes festive momentum|
|Liverpool are growing in confidence, says Rodgers|
|Redknapp: Austin future could depend on survival|
|Martinez wants Everton consistency|
|Barca want Neymar until 2020, says agent|
|Jones undeterred by pressure of Liverpool starting role|
|Allardyce ´knows how to beat managers´ - Carroll|
|Jones playing for a new contract|
|China select Evergrande spine for Asian Cup|
|A-League Preview: Koren tips City to build|
|Khedira keen to fight for Real spot|