Arsene Wenger will be given £100m to splurge on players if he commits his future to Arsenal, according to the Daily Star.

The Frenchman, who has been with the club for two decades, has a meeting with the board on Tuesday.

Issues such as Wenger's future, the contact extensions of Mesut Ozil and Alexis Sanchez and the overall structure of the club, including the implementation of a 'sporting director' – a position that Wenger has aggressively fought against - will all be discussed during the meeting.

Despite the board viewing Arsenal's failure at qualifying for the Champions League as monumental, they have accepted that the squad needs an injection of talent ahead of next season.

Torino's Andrea Belotti, Schalke's Sead Kolasinac, Leicester's Riyad Mahrez, Monaco's Thomas Lemar and Southampton's Virgil van Dyk have all been linked with a move to the Emirates in recent weeks.