Arsenal are eager to secure Reiss Nelson to a new contract.
Italian transfer expert Fabrizio Romano reports the London club have offered the 21-year-old an extension until 2024.
Arsenal's plan is to then send Nelson away on loan. However, the midfielder hasn't accepted the proposal as he considers his options.
Greek giants Olympiakos and three English clubs have contacted Nelson regarding a move away.
Nelson played only nine competitive games for Arsenal last season.
