Alex Oxlade-Chamberlain is set to extend his stay at Arsenal by signing a new deal, according to reports from The Mirror.

The long term future of the 22-year old had been cast into major doubt as the attacker entered the final 12 months of his contract at the Emirates Stadium recently.

Liverpool have been linked as a club ready to swoop in for the 23-year-old this summer.

However, much to the relief of the Arsenal faithful, it is believed that Oxlade-Chamberlain is now ready to commit himself to a new deal that will keep him in north London.

The England international is now expected to pocket over £100,000-a-week by extending his stay with the Gunners.