The duo’s deals at the Emirates expire at the end of next season, but the Gunners risk losing both players this summer if agreements cannot be found.
Saka has established himself as a regular first team player under Arteta, after impressing in his first full senior campaign, whilst striker Balogun is touted as one of the most promising talents in Arsenal‘s academy, after a prolific goalscoring record at youth level.
The situation has led to the pair being linked with moves elsewhere, with Arsenal already turning down a £5million offer for Balogun from Championship promotion hopefuls Brentford in January.
Meanwhile, Saka has been reportedly tracked by the likes of Borussia Dortmund and Liverpool, after his eye-catching displays at left-back and on the wing.
But despite the threat of losing both players, Arteta has confirmed that that the club are still doing all they can to keep the academy graduates at the club.
“I’m not worried because I know the club is trying to keep them,” Arteta said during his pre-match press conference.
“They know how much I like working with them and hopefully we can find agreements with them.”
Saka is expected to named in Arsenal’s squad as they host Norwich on Wednesday evening, in their first match at the Emirates Stadium since the season restarted after lockdown.
The Gunners beat Sheffield United 2-1 on Sunday to reach the FA Cup semi-final, where they will play Manchester City.