Arteta agrees new Arsenal contract with pay rise beyond £10m-a-year base salary

Mikel Arteta has agreed a new contract with Arsenal that will keep him at the Emirates Stadium beyond his current deal, which expires at the end of this season. The new terms include a pay rise on his existing £10m-a-year base salary, with an additional £5m available in bonuses.

The length of the contract has not been confirmed, but it is understood the deal will take Arteta — appointed in December 2019 — into a tenth year of service at the club.

Arteta addressed speculation over his future last week, telling reporters: “They [the fans] don’t have to worry about any of that because I want to be here. I’m extremely happy and I feel very grateful to work with the people I work with.”

Arsenal co-chairman Josh Kroenke had already signalled the club’s intent to retain the Spaniard, saying in June: “Keeping Mikel around is [an] utmost priority. I think the good news for Arsenal fans worldwide is he’s enjoying the project. He’s enjoying being here and from his time as a player all the way up until now, he’s an Arsenal man through and through.”

Kroenke also credited Arteta directly for the club’s recent resurgence: “If there is a singular person you can trace this all back to, I’m going to give 100% credit to Mikel, his staff and the players.”

The renewal comes off the back of one of Arsenal’s most successful seasons in recent memory. The Gunners ended a 22-year wait for a Premier League title last season and reached the Champions League final, where they were eliminated on penalties. They also reached the League Cup final, losing 2-0 to Manchester City at Wembley.