Arteta agrees new deal with champions Arsenal

Mikel Arteta has secured a new contract with Premier League champions Arsenal, extending his stay at the club. The Spaniard's existing deal concludes at the end of the current season, but negotiations for a fresh agreement have been ongoing for months. According to BBC Sport, an agreement has now been reached between all parties, securing Arteta's future at the Emirates Stadium.

While the exact duration of his new contract has not been disclosed, it is anticipated to bring him into his 10th year with the team, following his arrival in December 2019. The compensation package will see Arteta's annual salary increase from £10 million to a higher figure, with an additional £5 million in bonuses. Speaking about the contract discussions, Arteta assured fans that his decision to stay was mutual and based on his satisfaction with his work environment. He expressed his gratitude for the opportunity to collaborate with his colleagues at the club.