Ajax's teenage sensation Jorrel Hato is set to sign a new contract in the coming weeks.

The teenager, per football.london, was a big money target for Arsenal in the coming transfer window.

However, they may have to change their plans if Hato commits his future to Ajax.

According to ESPN Netherlands, the Dutch giants have agreed on a principal contract extension.

While there has not been a signing of the deal as yet, a verbal agreement has been reached.

The outlet states that Hato will put pen to paper on a deal that does not have a release clause.