Frenchman has been in charge of the Gunners since September 1996.
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Arsenal majority shareholder Stan Kroenke wants head coach Arsene Wenger to sign a new deal with the north London club to extend his stay as manager beyond the end of this season, according to reports in the Daily Mirror.
The highly respected Frenchman has been operating on one-year rolling contracts of late, meaning his current deal is due to expire next summer, and the American billionaire says that he would love Wenger to put pen to paper on a new contract as soon as possible.
Wenger has been at the Emirates for the past 17 years now, making him the longest serving manager currently working in the Premier League.
However, the Gunners boss has come under increasing pressure in recent years following the club’s failure to win a trophy since their FA Cup triumph over Manchester United at the Millennium stadium in 2005.
That eight-year drought without any silverware, though, does not concern Kroenke, who owns 63 per cent of Arsenal’s shares, and the tycoon instead offered his manager his full support with the club currently sit joint-top of the Premier League with city rivals Tottenham Hotspur after the opening five rounds of matches this season.
“He knows how we feel, what our philosophy is, what we want to do and I feel like we are totally aligned. I think he wants to do it the exact same way as we do,” said Kroenke.
“I don’t want to say something about Arsene that is not the way he feels but, to me, he seems to love what he does. But that’s Arsene’s decision.
“He knows he has our support, there’s no one I feel more strongly about and I think he is doing a great job. Arsene is his own man, he will make up his own mind.
“There is a lot of pressure in the job, he has handled it very well but at some point we all make up our minds whether we continue in our careers. That’s obviously his decision.”