Arsenal are close to finalising a new contract for Mikel Arteta, with the BBC reporting that the Spaniard will commit to the club until at least 2029 on significantly improved terms. Journalist Sami Mokbel adds that Arsenal are ready to raise his annual salary beyond the £15 million he currently earns, potentially reaching £17 million with Premier League success serving as the main performance incentive. Arteta has repeatedly stressed his desire to remain in North London, insisting that both parties share the same ambition and will formalise the agreement at the right moment.
Since taking charge in 2019, Arteta has overseen 361 matches, collecting 220 wins and delivering last season’s long‑awaited league title. Despite falling short in the Champions League final against PSG, he remains central to Arsenal’s project. The club views this extension as a crucial step in maintaining stability and building on the momentum generated under his leadership.