Arsenal is close to reaching a final agreement with their Spanish coach Mikel Arteta regarding the renewal of his contract, in light of the significant progress in negotiations between the two parties recently, amid a sense of optimism that the agreement will be completed in the coming period.
According to the network "BBC", Arteta is keen to continue his journey with Arsenal, after he previously confirmed that his primary desire is to remain at the club, expressing his happiness and stability in the British capital, London.
Richard Garlick, Arsenal's Chief Executive Officer, also previously indicated that renewing the Spanish coach's contract is a matter of time, given the desire of both parties to continue working together in the coming years.
The new contract is expected to include a significant improvement in the financial compensation Arteta receives, making him among the highest-paid coaches in the world, after his current contract is valued at approximately £10 million annually, in addition to another £5 million if they qualify for the Champions League.
Since taking over Arsenal in December 2019, Arteta has succeeded in returning the team to contention for titles, before winning the English Premier League last season for the first time for the club in 22 years, confirming the success of his project with the team.
The Spanish coach has extensive influence within Arsenal, not limited to technical matters, but also extending to the club's decisions in the transfer market, at a time when the management believes his continuation is a key element in the team's project and its ambitions to compete at the highest levels.
Despite the possibility of interest from Spanish clubs in securing his services in the future, Arteta is currently focused on continuing his career with Arsenal, awaiting the signing of the new contract that could keep him in North London for many years and bring him close to completing almost a full decade with the club.