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ALEX OXLADE-CHAMBERLAIN wants £120,000-a-week to sign a new Arsenal contract.
Oxlade-Chamberlain is in the final year of his contract at Arsenal.
Chelsea and Liverpool are keen on tempting him away from north London.
Starsport understand Arsenal have made an offer to the England international.
But their pitch falls short of his desired £120,000-a-week wage packet.
Gunners boss Arsene Wenger doesn’t want to lose Oxlade-Chamberlain to a big domestic rival.
Speaking yesterday he hailed the midfielder, 23, as a huge star for the future.
“Personally, I think he is a hugely talented player,” said Wenger.
“He is on the way up and he will continue to move up because that potential is there.
“He is today very conscious of his qualities as well, which he was not always, and I personally believe he will be a very great player.”