Arsenal are ready to offer manager Arsene Wenger a new contract at Emirates Stadium.
Arsenal have not won a trophy for seven years, but chief executive Ivan Gazidis has praised the Frenchman and has suggested that a contract extension will be put on the table.
Speaking to the Daily Telegraph, Gazidis said: "It's not a sense of sentimentalism, not a reward for services, it's a belief that we have an incredible manager who loves this club and is the best man to lead us forward.
"We're really confident about the direction that the club is heading. I feel he can keep going for a long time. He's in fantastic shape and he's as driven as he's ever been and excited as ever.
"He played in some staff games recently. When you put him out on the football field, he is still fit, quick and a good footballer. It's fantastic to see his endless enthusiasm. I really have learnt from Arsene and the players learn from him as well.
"The values that Arsene has brought to the club together with the values that the club had before Arsene are what will inform us and give us the framework as to who might take over from him in the longer term. He is written into our DNA.
"As a club, we have to make sure that all of the things that Arsene has brought to the club are enshrined in our DNA to make sure that, when Arsene decides it's time, we are in a position to take his ideas and work forward.
"The values that Arsene has brought to the club together with the values that the club had before Arsene are what will inform us and give us the framework as to who might take over from him in the longer term. He is written into our DNA."
And he added: "We're very optimistic about this season. We're absolutely trying to win silverware and we're trying desperately hard to do it this year.
"We can get into extensive debate about individual decisions - and like all clubs we are not perfect - but the ultimate arbiter of whether you are spending your money efficiently is where did you finish in the Premier League versus your overall spending.
"When you look at what Arsene has done, within the overall constraints, he has outperformed our spending every single year he has been manager. It is extraordinary."