By Arsenal correspondent Tony Hughes

Arsene Wenger has confirmed that Arsenal have agreed a new contract with Nacho Monreal.

But the Gunners have hit a snag in their pursuit of Mohamed Elneny, with Wenger now predicting it could take another week for the transfer to be signed off.

One deal that is agreed is a new contract for Monreal. As revealed by Football Insider, the London giants have been in talks about an extension for the Spaniard since last summer and an agreement is now in place for an £80,000-a-week contract that runs until 2019.

Speaking at his media briefing on Monday morning, Wenger paid tribute to the consistency of Monreal, who joined Arsenal from Malaga in January 2013.

“The regularity of his performances, the fact he’s improved every year since he arrived,” explained Wenger. “He’s not necessarily my first-choice as [Kieran] Gibbs is playing at a very strong level. I’m spoiled for choice.

“But Nacho Monreal has been absolutely outstanding.”

Meanwhile, Wenger is confident that the £5.2million signing of Elneny will be wrapped up this week but admitted it had not been finalised as quickly as he had hoped.

“We are positive this week it can happen,” the Arsenal manager said. “There are a lot of work permit problems and other paperwork. As long as it’s not definitely signed, you have to be cautious. But I’m optimistic about the case.”