According to The Athletic, the Gunners are in the final stages of negotiating a new contract with the Anglo-Nigerian, who is ready to commit his long-term future to the club.
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Having previously played on the right wing during Bukayo Saka’s injury absence, Nwaneri is now expected to take on a more central role, providing competition to club captain Martin Odegaard, whose form dipped last season due to injuries.
The England youth international had a breakout season under Mikel Arteta in 2024-25, scoring nine goals and providing two assists.
In 2022, he made history becoming the youngest player ever to appear in a Premier League match, debuting against Brentford at just 15 years and 181 days old.