Bolton Wanderers boss Gary Megson will offer Gary Cahill a new contract to ward off interest from Arsenal.
He said in the Daily Mirror: "Gary is under contract and we are currently in the process of negotiating a new, improved deal for him.
"He's the best young centre-half in the country by an absolute street and I've been delighted with him again this year.
"I want to build the team around him for the next few seasons.
"I can understand why the big clubs are interested in Gary, but it's going to take an offer over and above what we received for Nicolas Anelka from Chelsea."