According to 90Min, the Gunners have so far failed to tempt him into signing a contract extension.
The England Under-19 international’s current £3,000-per-week deal is set to expire in the summer of 2021.
Arsenal are prepared to offer him a five-year deal and increase his wages significantly following his breakthrough season at the Emirates.
Saka has made ten assists and scored three goals in 29 appearances in all competitions this term.
And the young star’s incredible spell of form has not gone unnoticed by some of the biggest club’s in Europe.As well as United and Liverpool, German giants Bayern Munich are closely monitoring his situation at Arsenal.
Borussia Dortmund have also reportedly set their sights on him as a possible replacement for Jadon Sancho.
Saka sent fans wild this week as he appeared to confirm on social media that he was planning to extend his stay at Arsenal.
Source: thesun.co.uk