Mikel Arteta Agrees New Contract Extension with Arsenal, According to Reports

Mikel Arteta has agreed terms on a new contract extension to prolong his tenure at Premier League champions Arsenal, according to multiple media reports. The manager's current contract had been entering its final months, with his existing deal due to expire at the end of the season.

Reports from BBC Sport and Sky Sports indicate that an improved agreement has been reached between the Spanish manager and the club. The decision follows recent success on the pitch, with Arsenal coming off a campaign as Premier League champions.

Financial terms and contract duration

According to details reported by The Guardian, the new extension is expected to keep Arteta in charge at Arsenal until 2030. The reported deal would potentially extend his overall reign as manager beyond a decade.

The Guardian also reports that the Spaniard is set to receive a significant pay increase on his current salary, which stands at £10 million a year. The improved terms come as recognition for his achievements with the squad during the previous season.

Pending official confirmation

Arteta previously signed a three-year deal in September, and discussions over his long-term future have now culminated in this latest agreement. However, neither Arsenal nor Arteta have issued a formal statement, leaving official announcement of the contract pending.