Nketiah made a name for himself earlier this week when he came off the bench to slot a double as Arsenal beat Norwich 2-1 in the fourth round of the Carabao Cup.
The 18-year-old, who came through the youth academy ranks, currently takes home around £2,000 a week and has one year left to run on his existing deal.
He joined the Gunners from London rivals Chelsea four years ago.
And according to The Sun on Sunday, he looks set to be rewarded with a staggering contract.
The report suggests he will see his wages jump to £15,000 a week - a staggering 650 per cent.
Negotiations could take place as early as next month, and the Gunners want to tie him down soon.
Prior to the win over Swansea yesterday, Wenger insisted he would give Nketiah opportunities to prove himself.
Source : express.co.uk
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