Just six months after signing a new Arsenal deal, Nigeria international is set to ink a bumper new contract at the club.
Iwobi has caught the eye since he made his Arsenal debut in 2015 and has become a regular in Arsene Wenger’s side.
Arsenal have however made the move to secure the future of the 20-year-old by offering him another contract, just six months after the last contract.
In April 2016, the forward signed a £25,000-a-week deal after an impressive first season with the senior side,
His new contract is expected to take his weekly pay to £50,000-a-week.
Along with his fast rise in football, Iwobi is now a full Nigeria international having made his competitive debut for the Super Eagles earlier in 2015.
The forward is presently with the Super Eagles of Nigeria ahead of their 2018 FIFA World Cup qualifiers away at Zambia on Sunday, October 9.