Arsenal close to renewing Arteta's contract

Arsenal are close to finalising the renewal of their Spanish manager Mikel Arteta's contract, as negotiations between the two parties have progressed in recent times, with great confidence in completing the agreement.

The BBC reported that Mikel Arteta is keen to continue with Arsenal, having confirmed last month that his desire is to stay at the club. He mentioned that he feels happy and comfortable in London, and the club's CEO, Richard Garlick, described renewing the coach's contract as a matter of time.

Mikel Arteta is set to become one of the highest-paid managers in the world after signing a new contract, as Arsenal aims to improve the terms of his current deal, which is worth £10 million per year, along with an additional £5 million for qualifying for the UEFA Champions League.

Since taking over as Arsenal manager in December 2019, Arteta has successfully led the team back to the top, guiding them to win the Premier League last season for the first time in 22 years.

Mikel Arteta holds significant influence at Arsenal, with his impact extending to the transfer market. The club sees his continuation as a fundamental part of its project, especially as the management embraces his ambitions to compete at the highest levels.

Despite the possibility of being attracted by a chance to return to Spain in the future, Arteta is currently focused on continuing his journey with Arsenal, as the new contract is set to extend his stay in North London for nearly a whole decade.