The Spaniard’s contract in north London runs out in the summer of 2023 but he is believed to have the confidence of owner Stan Kroenke.
The Gunners are preparing to hand the 39-year-old – who is currently the youngest Premier League manager – a £25million deal once the current campaign comes to an end.
The report claims that contract will involve a yearly salary of £8.3m – an increase of £3.3m from his current £5m salary – which is the same figure legendary boss Arsene Wenger was earning before he left the club in 2018.
The wages, however, still fall far short of his former Manchester City boss Pep Guardiola, who reportedly earns around £20m-per-year at the Premier League champions.
Arteta said in December that no talks over a new deal had taken place, although the Spaniard was spotted in Denver where he held face-to-face talks with billionaire owner Kroenke and his son Josh last month.
‘No, we haven’t discussed anything like that,’ Arteta said last year. ‘I think we have many other priorities at the moment that are far more important than that.
Arteta has turned around the situation at the emirates after having a rocky start of the season where the gunners were on the relegation zone after losing the first three fixtures.
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