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EXCLUSIVE: Arsenal offer Alex Oxlade-Chamberlain new four-year contract

Antonio Conte has made the England star one of his top transfer targets and with Chelsea bidding £40m.
Oxlade-Chamberlain is among a host of Arsenal players – including Alexis Sanchez and Mesut Ozil – in the last year of their contracts who can leave for free next summer if they do not sign a new deal.
He is understood to be tempted by the prospect of a move to Stamford Bridge and was unimpressed with Arsenal’s initial offer of less than £100,000 a week – less than a third of what is on the table for Manchester City target Sanchez.
But the Gunners are believed to be optimistic the 24-year-old will now accept the improved terms and sign up.
Arsenal face a tough task to convince team-mate Sanchez to stay though, with Saturday’s 1-0 defeat at Stoke following a nervy 3-2 opening win over Leicester.