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According to TEAMtalk, Real Madrid is keen on signing Arsenal midfielder Declan Rice. To keep hold of their star player, Arsenal and Mikel Arteta are preparing a new contract for the 27-year-old, extending until 2031, reports Nicolo Schira.

Real Madrid has taken a keen interest in Arsenal's Declan Rice, as reported by TEAMtalk.

The Spanish giants are closely monitoring the 27-year-old, with plans to make him a priority signing.

However, Arsenal's boss Mikel Arteta is determined to retain his championship squad and has no intention of letting go of a key player like Rice.

According to insider Nicolo Schira, the Gunners are already preparing to hold talks with Rice. Arsenal is set to offer him a new contract running until the summer of 2031.

Previously, the English midfielder has turned down lucrative offers from clubs in Saudi Arabia.