David Luiz about to sign new Arsenal contract, confirms Benfica president with £130k-a-week star set to take pay cut

DAVID LUIZ is in the process of signing a new Arsenal deal, revealed Benfica president Luis Filipe Vieira.

The defender has been linked with a move away from the Gunners as his current contract is set to expire at the end of the month.

Luiz fuelled speculation surrounding a summer switch as he admitted he has held talks with former club Benfica.

But Vieira has confirmed the Primeira Liga side cannot afford to re-sign the former Chelsea man.

And he revealed Luiz was with his agent thrashing out a new Arsenal deal when they spoke this week.

Speaking to Record, Vieira said: "I spoke to him again yesterday. We have a father-to-son relationship.

"He was in the car with his agent, preparing to renew his contract with Arsenal.

"He is someone who loves Benfica, but there is something else he is: he is a great professional and has to earn money.

"What he earns is unthinkable for Benfica to pay.