Song set to become one of Arsenal's highest earners with new five-year deal

Arsenal are set to offer midfielder Alex Song an improved long-term deal.

The 24-year-old’s recent form in the middle of the park has helped push the Gunners into third in the Premier League following six straight wins.

Song’s current contract is thought to be worth around £55,000 a week and expires in 2014, but Arsene Wenger has instructed chief executive Stan Gazidis to start work on tying the former Bastia man to a new deal.

A revised contract is thought to be in the works and is understood to be worth around £75,000 a week, which would make the midfielder one of Arsenal’s highest earners.

Despite the news, Wenger is keen to further bolster the Gunners' strength in midfield by securing the services of Rennes man Yann M’Vila.

The 21-year-old is high on the club’s list of targets and, with the French side resigned to losing the hot prospect, they are willing to part with £17 million in order to bring the player to England.