Arsene Wenger is set to take his tenure at Arsenal into a third decade with a three-year deal worth 24 million pounds, according to The Times.
Wenger, whose current deal expires at the end of the season, has been in talks over a new contract since October, and the newspaper claims he has made clear to his staff and players he is planning for the long term.
With Arsenal top of the Premier League, The Times reports that Wenger believes the current squad at his disposal is the best since 2003-04, when his 'Invincibles' won the title without losing a game.
The proposed contract is reportedly worth eight million pounds a year, which would make Wenger the second-highest paid manager in England behind Chelsea boss Jose Mourinho. It would also take him into a 21st year at Arsenal, having arrived in 1996.
With cash reserves of over 150 million pounds, Wenger is said to be monitoring Real Madrid's Karim Benzema, Borussia Dortmund's Robert Lewandowski and Liverpool's Luis Suarez as he searches for another striker to complement Olivier Giroud.