Alexis Sanchez is poised to be the highest paid player on Arsenal as contract negotiations begin to extend the Chilean strikers time at Emirates stadium.

Currently, Sanchez earns 130,000 pounds a week (nearly $200,000) playing under Arsene Wenger. His contract is set to run out in 2018, but the Premier League giant is looking to open its coffers and talk contract extensions now.

Sanchez has been invaluable to the club, unleashing a hat-trick on Leceister City as well as doubling-up in the Gunner’s 3-0 routing of Manchester United. He has five goals in twenty-three shots making him one of the top shooters in the league in terms of goals and shooting percentage.

This parallels his first season at Arsenal where he finished as the club’s top scorer for 2014. His consistency in finding the back of the net has made him a fan favorite, and his contract extension is likely to be well-received by supporters and critics alike.

One thing that Wenger would likely enjoy seeing is more of a spread for Sanchez’s goals. Having five already to his name this season is great, but those five goals came within only two matches. A smaller impact across more games may benefit the club more in the long run.

Other club contract news includes Nacho Monreal signing up for another three years in Arsenal Red, along with talks to extend German native Mesut’s Ozil’s contract that will enter its last two years at the end of the 2015 season.

Arsenal has a policy of not offering contract extensions larger than a year to players over the age of thirty. The 32 year-old Arteta had his contract extended in 2014 for a year, but neither Arsenal or Arteta have had talks about another extension yet.