The Czech Republic international is thought to have been in extensive talks with the Arsenal hierarchy over a new deal.
With his contract running out this summer, however, there had been worries that the 33-year-old would fancy a new challenge and there was speculation about a potential move from Arsenal to Bayern Munich during the January transfer window.
Sky Sports has reported, however, that Rosicky has confirmed that he should sign his new deal with Arsenal by the end of this week.
'Arsene Wenger wants me to stay, he wants our co-operation to continue. I want to stay.
'Hopefully all is sorted out in the next few days. It would be great to play on at Arsenal for another few years'.
Although Rosicky is 33-years-old, the former Dortmund midfielder has remained an integral part of Arsenal manager Arsene Wenger’s squad, having started 10 Premier League games already this campaign.
The news of an imminent contract deal will no doubt delight Gunner's fans, as it’s evident that Arsenal’s injury problems and lack of depth throughout the squad has seriously hindered their Premier League title aspirations.
As for Rosicky, a pending contract extension - on top of modelling the new Czech Republic kit for the 2016 European Championship Qualifiers - has proved to be welcome relief from Arsenal's disappointing performances last week.
image: © Ronnie Macdonald