Although Chamberlain's form and injury record has generated a lot of controversies but he was outstanding in his side's precious 2-1 win over Chelsea in the FA Cup semi-final.
Speaking after the game at Wembley, the Ox described his new position as "interesting" but appeared to relish the challenge.
The new pay-deal would see Oxlade-Chamberlain more than double his current £50,000-per-week contract.
After mostly under-performing for the majority of his Arsenal career to date, the 23-year-old is seemingly taking big strides this season even when asked to play in different positions as his versatility has come to the fore.
Oxlade-Chamberlain's contract is up at the end of the 2017-18 season, one of many Arsenal players in that situation, and he has been linked to Liverpool, Manchester City and Manchester United.
'I have to focus on the defensive side of things and I'm not used to being a right-back, ' he said.
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Oxlade-Chamberlain was deployed as a right-wing back for the second match in succession - and he was named man of the match following his stand-out performance.
And Perrie definitely didn't hold back when she played the dutiful girlfriend at an Arsenal game over the weekend.
'First of all he can use well his power.
All that means the ball is now firmly in Arsenal's court, with the club knowing full well Oxlade-Chamberlain has top level suitors going into the summer transfer window. "This gives us every opportunity to go and win". He has maybe benefited from it.
"I think on that front he is much better now".
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