However, Arsenal are now working on a contract extension, and it looks increasingly likely that a deal will be sealed.
According to **_[BBC Sport reporter Sami Mokbel](https://www.bbc.com/sport/football/teams/arsenal)_**, the Gunners are preparing to submit a formal contract offer to Nwaneri.
Talks over a new deal are expected to accelerate in the coming days, with all parties keen to reach an agreement.
Nwaneri is expected to be offered either a five-year contract or a four-year deal with an option for an additional year.