Cologne are set to offer forward Lukas Podolski a new contract that would see him earn five million euros a season, a report says.
The 26-year-old is out of contract in June next year, and has been repeatedly linked with a move abroad, with Premier League outfit Arsenal said to be particularly keen on signing the Germany international.
However, according to Bild, Cologne will offer Podolski a pay rise of 1.4m pounds as part of a two-year contract extension which will include the option to renew for a further season in 2015.
The player has thus far given little away regarding his next move, admitting only that his future will be resolved one way or another at season s end.
Podolski, who has been capped 95 times by his country, is in his second stint with his hometown club, having rejoined Cologne from Bayern Munich in 2009.
