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There are rumblings that Arsenal might give Arsene Wenger an extension

Arsenal majority shareholder Stan Kroenke wants to give Arsene Wenger a two-year contract extension

Alex Livesey/Getty Images

The #WengerOut crowd might need to take a seat at this bit of potential news.

According to The Times' Matt Hughes and Matt Dickinson, - two very well-placed sources - Arsenal majority shareholder Stan Kroenke is prepared to give longtime manager Arsene Wenger a rumored two-year contract extension that he would prefer Wenger sign before October 2016.

Hughes and Dickinson report that Kroenke would prefer Wenger sign the extension much sooner than later, but the reason for the October deadline is that if he doesn't sign the extension by then it will signal to Kroenke and the club that Wenger intends to step down at the end of the 2016-17 season. This will also give Kroenke and the Board the time needed to find a replacement.

There is surely much more to come from this bit of late Thursday news, and we'll do our very best to keep you as updated as possible. In the meantime, what do you think of this latest development?