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Arsene Wenger is set to sign a new contract with Arsenal, according to reports on Monday.
Wenger's existing contract is due to expire at the end of the season but it has been widely reported that the Frenchman has been offered a new two-year contract by the club.
Despite having the support of the club's board, Wenger has faced increasing calls for him to end his 21-year stay at Arsenal with some fans paying for a plane to fly over The Hawthorns on Saturday with a banner saying: 'No contract Wenger out' as the Gunners lost 3-1 to West Brom.
Speaking after the match, Wenger revealed that he had made up his mind regarding his future and it is looking increasing likely that he will sign a new two-year deal to remain at the Emirates.
Arsenal have slipped to sixth in the table and face a battle to finish in the top four, while they suffered a humiliating 10-2 aggregate defeat against Bayern Munich in the Champions League.
While the prospect of no Champions League football next season is a concern for some fans, Wenger insists it will not be the end of the world for the club.
"My decision will not necessarily be linked with that because I've done the top four 20 times. It's more, it's not that," Wenger said after the loss to the Baggies.
"I take a bigger perspective than that. It's not the last result that will decide what I will do.
"It's not (the end of the world), not any more. That was for a long time the case, but not today. Financially, I mean.
"Of course, on the sporting front it would be a blow, but financially the Champions League does not have the impact any more that it had five or six years ago because of the influx of the television money (to the Premier League)."
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