Mikel Arteta has agreed an improved new contract with Arsenal, the Premier League champions. The Spaniard’s current deal was due to expire at the end of the current season, and talks over an extension had been ongoing for a number of months.
An agreement between all parties had been described as close earlier this month, and it is now understood that Arteta has reached a final agreement with the Gunners to extend his stay. The length of the new contract has not been confirmed, but it is set to take him into at least his 10th year at the Emirates, following his arrival in December 2019.
The new deal will include a sharp pay increase. Arteta’s current salary is £10m per year, plus an additional £5m in bonuses.
Arteta addressed his contract situation last week, saying fans did not need to worry. “They don’t have to worry about any of that because I want to be here,” he said. “I’m extremely happy and I feel very grateful to work with the people I work with.”