Mikel Arteta's new contract with Arsenal will secure him more than £15 million as he embarks on a long-term commitment to the club.
Previously, Arteta's deal was set to expire at the end of the current season, but discussions regarding an extension have been ongoing for several months. The manager himself stated back in August that he was keen to stay at Arsenal and had no doubts about his future with the club.
According to the latest reports, the new agreement is set for a minimum of three years, although the exact terms and duration of the contract have yet to be publicly disclosed.
Since taking charge at Arsenal in December 2019, Arteta has gradually transformed the squad, culminating in last season's Premier League title victory – the club's first in 22 years. He also guided the team to the Champions League final.
This new contract reflects a significant pay rise, with previous reports indicating that his prior agreement was worth around £10 million annually, with an additional £5 million for qualification to the Champions League.
