Mikel Arteta signs new contract with Arsenal

Arsenal manager Mikel Arteta has officially agreed to a new contract extension with the club, following reports earlier this month that an agreement had been reached on improved terms. The Spaniard is now set to potentially extend his tenure with the Gunners toward a full decade since taking charge in December 2019.

The 44-year-old's previous deal was scheduled to run out at the end of the current season. Under the new agreement, his salary increases from his current £10m per year baseline, with an additional £5m in bonuses. This puts his earnings closer to top managerial figures in European football, such as Atletico Madrid boss Diego Simeone and former Manchester City manager Pep Guardiola, both of whom reportedly earn over £20m annually.

Reflecting on his commitment to the club, Arteta expressed his deep affection for Arsenal's distinct identity and noted that he feels deeply privileged to continue their journey together, emphasizing that their achievements so far represent only the beginning.

"This club is unique, its character and the way it makes you feel, and I have a great sense of privilege that our journey together will continue."

Mikel Arteta

During his time at the helm, Arteta has secured a Premier League title and an FA Cup, alongside reaching the Champions League final against Paris St-Germain last May. Although falling short of Europe's ultimate prize was a heartbreaking setback, it has served as profound motivation for the squad moving forward.