Arsenal must convince Laurent Koscielny to sign a new contract to fight off the interest from Paris St–Germain, Monaco and Bayern Munich.
The Daily Telegraph reports the two French clubs and the European champions are set to pounce for the 28-year-old who signed from Lorient in 2010.
Koscielny has played in all but six league games this season and has created a fantastic partnership with Per Mertesacker in the centre of the Gunners defence.
But the Frenchman is on only £50,000-a-week at Arsenal and the newspaper reports Gunner executives want to put him on a new deal which would see him earn the same as Mertesacker, who signed a £90,000-a-week-deal earlier this year.
Last year Koscielny said:
"I want to lift trophies and to have a winning record. I hope the club will give me the means. If this weren't the case, I'd look elsewhere. I want to win titles and I hope the club have the means.
"I feel good at Arsenal and if the club can compete with the best, I have no reason to leave. But if it fights every year for Champions League qualification it's hard psychologically to be under such constant pressure."Koscielny has three years remaining on his present deal until the summer of 2017.