Bukayo Saka is on the verge of finalising a new five-year contract with Arsenal worth around £300,000 a week.
The 24-year-old England winger will become the club’s highest-paid player, as well as one of the highest-earning English players in the Premier League, with his new deal running until 2031.
Jack Grealish, currently on loan at Everton from Manchester City, also earns £300,000 a week, while Raheem Sterling of Chelsea takes home £325,000 a week.
Since Saka signed his current four-year contract in May 2023, which is worth approximately £200,000 a week, his influence for both Arsenal and the England national team has grown steadily.
This season, he has registered 4 goals and 5 assists in the Premier League. Across 214 appearances for the Gunners, he has racked up a total of 57 goals and 48 assists.
A product of Arsenal’s academy, Saka will follow in the footsteps of centre-backs William Saliba and Gabriel, both of whom penned contract extensions with the club in recent months. Arsenal are also closing in on a new deal for Jurriën Timber, and plan to hold talks with other star players including Martin Ødegaard, Kai Havertz, David Raya and Mikel Merino, all of whom have contracts expiring in 2028.
The 26-year-old Havertz is currently the club’s top earner, believed to be on a weekly wage of around £270,000. Declan Rice’s contract also expires in the summer of 2028, with an option to extend until 2029.
Max Dowman has agreed terms on a scholarship contract that will come into effect next season.
Now that he has turned 16, he can start negotiations over his first professional contract, which will kick in when he turns 17 in December. This will mirror the path taken by his academy teammates Ethan Nwaneri and Myles Lewis-Skelly, both of whom signed new contracts last summer.
Arsenal’s financial statements show that the club has room in its budget if it can maintain annual revenue from the UEFA Champions League.
Although their wage bill rose from £235 million to £328 million in the latest club financial report published in February, this only accounts for around 53% of the total turnover of £616 million. Last season, the club earned approximately £97 million from reaching the Champions League semi-finals, in addition to £171.5 million in prize money for finishing as Premier League runners-up.
