Arsene Wenger has delayed making a decision on his future at Arsenal, with the club reportedly ready to offer him an extended contract. The Frenchman's current £7million-a-year deal expires in 2014 but Arsenal are believed to be keen for their manager to pen a new long-term deal, despite failing to win anything for seven years.
Wenger is the second longest-serving manager in British history having spent a mammoth 16 years in charge of his beloved Arsenal. During that time he has led the Gunners to three Premier League crowns, four FA Cups, four Community Shields and a Champions League final. However, it has been well documented that Arsenal haven't got their hands on a trophy since the 2005 FA Cup. In recent years they have suffered from selling star players, including Cesc Fabregas, Samir Nasri and Robin van Persie, but the club appear to remain confident that Arsene is the best man to take them forward.
Arsenal have taken five points from their opening three matches this season and have yet to concede a goal. They were very impressive in their 2-0 win away to Anfield, with new signing Santi Cazorla emerging as a real talent, who looks set to take the Premier League by storm. Next up for the Gunners is a match at home to league new-boys Southampton on Saturday. Paddy Power have installed them as the hot 4/11 favourites to win, while the Saints are a long shot at 8/1. Meanwhile Lukas Podolski looks like a good bet to open the scoring at 4/1.
As things currently stand Arsenal are the fourth favourites to win the Premier League, having been handed odds of 12/1 with Paddy Power. They can also be backed at 8/1 to win the FA Cup, 15/2 to win the Capital One Cup, and 20/1 to get their hands on the Champions League.