The 42-year-old's contract with Arsenal expires next summer. In an exclusive interview with ESPN in July, Mikel Arteta said he "doesn't anticipate any problems" as talks over a new deal continue. The Spaniard added that all parties will resolve the situation when the 2024 transfer window closes.
Arsenal have always believed Arteta would commit his future to the club, but the Gunners are keen to put any doubts to rest and provide a boost as they bid to win their first Premier League title since 2004.
The Spaniard's salary will be significantly increased from his current £9m-a-year salary, making him one of the highest-paid managers in the Premier League, sources added.
The Gunners finished second in the Premier League behind Manchester City in each of the last two seasons, and are looking to close the gap on the champions with the additions of Riccardo Calafiori and Mikel Merino this summer. Raheem Sterling has also arrived on loan from Chelsea.
According to ESPN, Arteta plays an important role in convincing new players to join the club. The Spanish strategist is considered an indispensable piece in the success that the "Gunners" are aiming for.
This weekend, Arsenal will visit Tottenham in the North London derby in the fourth round of the Premier League. However, Arteta has received bad news about personnel when Martin Odegaard, Declan Rice and Merino will all be absent for different reasons.
After the Tottenham game, Arsenal have two more difficult away trips, including a trip to Atalanta in the Champions League group stage. The other game is also crucial when Arteta's team faces champions Man City at the Etihad.
