Arrizabalaga is one of the emerging stars within the Spanish recreation and he has drawn comparisons with Manchester United shot-stopper David de Gea.
The 23-year-old reportedly issued a freelance ultimatum ultimate month, difficult he be paid extra or else he would go away.
And now it kind of feels Bilbao can have caved into his calls for.
Currently, Arrizabalaga has an £eight.8million buy-out clause inserted into his contract which expires on the finish of the season.
But Spanish paper Marca declare Arrizabalaga is remaining in on signing a freelance extension.
The record doesn’t state how lengthy the brand new deal will run for, then again it’s set to incorporate a brand new £66.5m unencumber clause.
He may be set to peer his profits upward push from £1.9m to £2.7m a yr.
Last month, Bilbao boss Jose Angel Ziganda expressed his self assurance that Arrizabalaga would signal a brand new contract at San Mames.
“I have no reason to be pessimistic regarding Kepa’s renewal,” Ziganda mentioned.
“I prefer to think positive thoughts rather than negative but this is just the situation, I see him every day and I know he is calm and enjoying himself at the club.”
Arsenal face Watford away of their first recreation after the global spoil on Saturday October 14 (five.30pm).