ESPN reported that the 42-year-old Spaniard will receive a significant raise on his current $11.7 million salary.
I feel extremely proud, very excited and am looking forward to what is coming next. Im proud to be where I am and have the relationships that I have with everyone at the club, Arteta said in a statement.
I feel extremely lucky to work every single day with good people and the ambition we have here. I feel very inspired, I feel challenged, I feel supported and I want to do much more than what weve already done together.
Arteta joined Arsenal in 2019, and his previous contract was due to expire next summer.
Mikel is a dynamic and passionate manager, who is relentless in the pursuit of excellence, Arsenal co-chairman Josh Kroenke said. He has a deep understanding of Arsenals values, and since joining us as Head Coach in December 2019, he has taken the team to another level in an Arsenal way.
