Iwobi's New Arsenal Deal Revealed: Eagles Star To Trouser At Least N8.65 Billion

Published: July 25, 2018

Nigeria international Alex Iwobi is set to renew his contract with Premier League club Arsenal, according to reports.

The online edition of The Sun UK says the Hale End Academy product has snubbed interest from Lazio and will sign a new five-year contract worth around £70,000-a-week when he returns to the United Kingdom this weekend.

Iwobi currently earns 30,000 pounds every week, meaning the Gunners are ready to pay him more than double the amount he's taking home now.

The 22-year-old will pocket at least £18.2 million (approximately N8.65 billion) over the duration of his new five-year deal.

Arsenal had been in talks with Iwobi over a new contract since December 2017 and negotiations dragged on due to the departure of Arsene Wenger at the end of last season.

Iwobi first trained with Arsenal at the age of six and officially penned his first contract with the North London club when he was nine years old.

Since the winger was promoted to the first team during the 2015-2016 season, he has played 98 matches and scored in the Champions League and Premier League.

Ifeanyi Emmanuel