Manager confirms talks are ongoing to renew the contracts of Alexis Sanchez and Mesut Ozil.
Zelalem spent a successful season on loan with Rangers helping them reach the cup final and gain promotion to the Scottish top division.
Arsenal host West Bromwich Albion on Thursday night following their 1-1 draw with Crystal Palace.
Alexis Sanchez has contributed with four goals and three assists in his last six Premier League games.
Wilshere and Rosciky could return for the clash against West Brom after making successful injury comeback with U21's
The 45-year-old pundit has called on Arsene Wenger to invest in a new striker.
Arsenal were held to a disappointed 1-1 draw by Crystal Palace at the Emirates Stadium.
Boris Johnson dismisses 'remain' campaign claims about immigration as 'bollocks'.
Arsenal were top of the league in January but are currently 13 points behind leaders Leicester City.
Arsenal host Crystal Palace at the Emirates Stadium. Find out where to watch it live in the UK.
Arsenal midfielder Santi Cazorla suffered a knee injury in November last year.
Arsene Wenger believes a one-off season does not make Tottenham better than Arsenal.
Arsene Wenger believes Mesut Ozil can score 10 goals this season.
Wenger is likely to lose players in the summer like Arteta, Rosicky and Flamini, who will need to be replaced.
The 46-year-old Dutchman thinks his former boss is the right man to take the club forward.
Arsenal defender Per Mertesacker believes Arsenal have been lacking discipline in defence.
Martin Keown believes Arsene Wenger has earned the right to decide his own future.
Wilshere and Tomas Rosicky came through unscathed in their second U21 appearance as first-team return nears.
Arsenal are interested in signing Riechedly Bazoer from Ajax.
Alexis Sanchez has over two years left on his Arsenal contract.
Alex Iwobi has scored two goals and picked up three assists in his last two Premier League games.
Kante has been nominated as one of the six players for the end of season Players' Player of the Year award.