Arsenal manager Mikel Arteta agrees three-year contract extension with Gunners: Here's what to know

Mikel Arteta has agreed a new three-year contract at Arsenal, per CBS Sports sources. The Spaniard's current terms had been due to expire at the end of the season but neither he nor his employers had offered any suggestion that Arteta might leave a club that have reestablished themselves as title contenders under his stewardship, which began in December 2019.

Arteta is expected to receive a significant increase on the $9 million a year salary he agreed to in May 2022 on his last extension. Since then, the 44-year-old has guided Arsenal to consecutive second-placed finishes in the Premier League albeit without adding to the FA Cup he won at the end of his first season in charge in 2020.

Despite progress not yet translating into silverware, it has long seemed a matter of when not if Arteta would put pen to paper, the man himself acknowledging last month that Arsenal's work in the transfer window had led to him delaying the finalization of his extension, which comes on the eve of the north London derby at Tottenham on Sunday. "I'm in the place where I want to be and am really happy – hopefully the club thinks the same thing," he said in August. 

"I work with the players every day and when I am talking to them, having discussions and planning things, you sense in their eyes that belief and hunger is still there."

As he approaches the half decade mark at Arsenal, Arteta is already the sixth longest tenured manager in the Premier League and English Football League; in the Premier League only Brentford's Thomas Frank and Pep Guardiola have longer tenures. Sunday's meeting with the latter will see Arteta enter the top 10 longest-tenured Arsenal managers in terms of games coached, his 233 so far having delivered 138 wins.

Arsenal have started the season in encouraging fashion, picking up seven points from a possible nine in the Premier League and adding the likes of Raheem Sterling, Mikel Merino and Riccardo Calafiori to their squad. Arteta's extension marks the start of a pivotal 10-day period for Arsenal, who travel to Tottenham and City in the Premier League either side of a Champions League opener away to Atalanta.