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The current contract deal of the 25-year-old midfielder is due to expire at the end of the campaign and there has been some uncertainty whether the Gunners would look to keep the injury-prone star.
Arsenal youth academy graduate has missed the start of the season with a broken leg but he has thoroughly impressed since returning from injury.
Arsene Wenger has even suggested England international is playing his best football in years and now the north London club are expected to sit down with his representatives and thrash out a new contract deal.
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The Gunners are poised to lose Mesut Ozil and Alexis Sanchez for nothing in the summer and losing Jack Wilshere on a free would be another major blow for Wenger’s side.
Chelsea and City are interested in securing the signature of England midfielder and will monitor his future closely with a view to moving for Wilshere if contract talks with Arsenal breakdown.
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