Former Arsenal chief David Dein says its critical for the club they secure Robin van Persie.
Van Persie's contract expires at the end of next season.
Dein told Sky Sports: "He is very important to the club and it is not every day you can get a guy who can score over 30 goals in a season.
"There was a lot of competition at the time and we are very fortunate he signed for us. I was delighted and he has proved the point because he has been such a prolific goalscorer for the club.
"He plays with passion, he plays with his heart and, as you heard in his speech, he is a very modest guy.
"He has done a great job for the club and the fact that he has stayed with the club all this time, when he has had plenty of opportunities to go elsewhere, says a lot about Robin's character."