Arteta agrees to renew his contract with Arsenal

Arsenal manager Mikel Arteta has agreed to a new and improved contract with the club, bringing him closer to a long-term future at the London side. The Spaniard's current contract expires at the end of this season, but negotiations over an extension have been ongoing for several months before the two parties reached a final agreement, according to the BBC. The length of the new contract has not yet been disclosed, but it will guarantee Arteta's stay at Arsenal for at least 10 years since his arrival at the club in December 2019. The contract includes a significant pay rise compared to his current £10 million annual salary, plus an additional £5 million in bonuses and incentives. Arteta confirmed last week his desire to remain at Arsenal, saying: "I don't have to worry about any of that because I want to stay here. I am very happy and very grateful to be working with the people I work with." The agreement, reached after months of negotiations, secures Arteta's future at Arsenal and confirms his continued leadership of the team for the coming years.