Arsenal are close to finalizing a lucrative long-term contract extension with Mikel Arteta.

With the summer transfer window closed, Arsenal are accelerating contract extension negotiations with manager Mikel Arteta, and the two sides are close to finalizing a new long-term contract.

Arteta's current contract has only nine months remaining. It is understood that the new agreement will significantly increase his salary, making him one of the highest-paid coaches in world football.

Previously, Arteta had clearly stated: "The contract extension time will not be a problem. I am very happy to stay here, and the club's attitude is completely in line with mine." Arsenal CEO Richard Garrick also said that completing the contract extension was only a matter of time.

Since taking over as manager at the end of 2019, Arteta has completely reshaped Arsenal, not only ending the team's 22-year league title drought but also making Arsenal the top favorite to defend their Premier League title and win their first-ever Champions League trophy this season. He now wields absolute authority in first-team development, with an influence comparable to that of Wenger in his prime.

Despite the failure to secure Vinicius Junior and Julian Álvarez this summer, the club's acquisition of high-profile reinforcements such as Bruno Guimarães and Ezri Konsa demonstrates the shared competitive ambitions of the club's management and Arteta.

Mikel Arteta is now the longest-serving manager in English football history. This upcoming long-term contract is expected to mark a ten-year milestone in his managerial career in North London.

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