Arsenal are moving quickly to lock down one of their key players, with Declan Rice reportedly closing in on a bumper new contract worth around £350,000 per week, according to BBC Sport.

The midfielder has been a central figure in Arsenal's recent title-winning campaign, and the Gunners appear determined to reward his impact with fresh terms rather than risk uncertainty over his future. Securing Rice on improved wages would represent a statement of intent from the club, both in terms of retaining their best players and signalling ambition as they look to build on their success.

While the report stops short of confirming a signed deal, it suggests talks are well advanced and an agreement could follow soon. For Arsenal, tying Rice to a long-term contract would be seen as a priority given his importance to the team's structure and leadership on the pitch.

As per eplindex.com, no final details on contract length have been disclosed, but the figures being discussed would place Rice among the best-paid players in the Premier League.