EMILE SMITH ROWE looks set to stay at Arsenal with a 'verbal agreement' in place to sign a new deal, according to reports.
The highly-rated youngster has been the subject of two bids from Premier League rivals Aston Villa.
The second offer, in the region of £30million, was turned down by Arsenal as Mikel Arteta looks to the future.
Smith Rowe, 20, has two years left on his current contract but the Gunners are determined to sign him to a new deal.
The midfielder enjoyed a breakthrough season under Arteta, scoring four goals and providing seven assists across all competitions last season.
Arsenal insist the player is not for sale at any price.
Transfer guru Fabrizio Romano claims Smith Rowe will sign a new contract at Arsenal and end speculation over his future.
He adds how Smith Rowe will pen a new deal once he returns from his summer holiday.
Romano said: "Before Emile was going to holiday this summer, he had like a verbal agreement ready with Arsenal, this is what I know.
“So he’s waiting to come back from holiday and then to meet with Arsenal, complete some details and then sign the new contract with Arsenal.
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“So from Smith Rowe’s side, he wants to stay at Arsenal, many times he said about he’s living his dream playing for Arsenal, he wants to stay and Arsenal are so happy with him."
Meanwhile, Arsenal are expected to complete a £7million deal to sign Benfica's Nuno Tavarez.
The Portugal Under-21 star is tipped to end the Gunners' search for left-back cover, with paperwork confirming the "done deal" expected to be signed within hours.
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