Arsenal have offered Alex Oxlade-Chamberlain a huge new contract to fend off Chelsea’s interest in the England winger.
Antonio Conte is desperate to defend the Premier League title and has stepped up his pursuit of Oxlade-Chamberlain in the recent weeks in order to bolster his squad.
Chelsea boss Antonio Conte has been guaranteed by the club’s board that he will have at least two more new players before the summer transfer window closes.
Chelsea are ready to raise their bid from £35m to £40m as the Blues are desperate to land Oxlade-Chamberlain at Stamford Bridge before the end of this month.
Oxlade-Chamberlain, 23, has entered the final 12 months of his Gunners contract.
Conte wants to sign Oxlade-Chamberlain as he believes that he will need more players with a Champions League campaign knocking at the door.
Arsenal are keen to tie him down to a new deal but the English winger has turned down the Gunners’ final offer.
There is apparently a growing feeling at the Emirates that Oxlade-Chamberlain could be on his way out of the club.
The 23-year-old player has informed Wenger that he wants to leave as he wants to test new waters, according to earlier reports.
However, Wenger has repeatedly insisted that he is confident that Oxlade-Chamberlain will sign a new deal with the Gunners.
And FootTheBall sources have now revealed that Arsenal have offered the talented winger a new four-year deal worth £125,000-a-week.
Earlier, Oxlade-Chamberlain had turned down a £100,000-a-week offer from the Gunners but sources claim that Arsenal are confident their improved offer will convince the Chelsea target to sign an extension.