The starlet who joined Arsenal at the age of seven is set to be offered a pay rise from £800 per week to £10,000.
The 19-year-old has been part of Arsene Wenger’s first team of late and scored his first Premier League goal in Arsenal’s 2-0 win at Everton on Saturday, March 19.
According to reports, Wenger has given the thumps up for the club to tie down Iwobi Nigerian to a new deal that will ensure his future at the club is settled.
The starlet who joined Arsenal at the age of seven, is currently on £800 per week but his new contract is set to take his pay to £10,000.
Iwobi is now a full Nigeria international after playing for the Super Eagles in their 1-1 draw at home to Egypt in a 2017 African Cup of Nations qualifier.
Watch Alex Iwobi score for Arsenal, below: