Alex Song, who has been consistently impressive and strong in the Arsenal midfield this season, with 37 appearances and counting, assisting 13 goals directly and generally influencing the teams play in a very positive way, has a contract which runs until 2014. His current deal is worth around £55,000 per week, but Arsene Wenger is keen to increase that and tie the Cameroon international down to a long term contract.
Furthermore, Arsenal's recent summer signing, Alex Oxlade-Chamberlain, who has been fantastic in injecting the Arsenal side with a new energy and optimism of his talented youth since his £12 million transfer to Arsenal will also be rewarded. Wenger has been impressed by the 18 year-old's performances in the first team, and as he is one of the lowest paid players in the Arsenal squad, earning around £25,000 per week, the manager intends to almost double that.
The new contracts are part of a summer scheme to tie down existing players who are believed to have what it takes to make a continued impact on Arsenal's side and get rid of those players on the periphery such as Marouanne Chamakh, Nicklas Bendtner, Sebastien Squillaci, Andrei Arshavin, Carlos Vela, Denilson, and Chu Young Park. The sales of some or perhaps all of these players will fund new contracts for those the Arsenal management have faith in as well as lending a helping hand in bringing in new players.
It is believed that Wenger intends to sign at least two big names during the summer to go some way in persuading Robin van Persie to stay at the club, with German international striker, Lukas Podolski soon to be announced as the first of them.