The club are now in the process of finalising an agreement with Arteta over his protracted new contract, with well-placed sources indicating that discussions have moved forward recently amid full confidence from those involved in talks that the Spaniard will renew. Arteta has already expressed his commitment to the club, stating that he is "very happy" at Arsenal and that the timing of the contract is not going to be an issue.
Arteta's new deal is expected to significantly improve on his current contract, worth £10m a season plus an extra £5m upon Champions League qualification. He will become one of the best-paid managers in world football once the new contract is signed. The official announcement of Arteta's new contract can't come soon enough, particularly given his current deal now has just nine months left to run.
Arteta has transformed Arsenal from a club that had lost its Champions League status to one that won the Premier League for the first time in 22 years last season. The club are overwhelming favourites to retain their domestic crown and are fancied to win their first-ever Champions League this season. With that success comes power, and Arteta is categorically the most influential figure at the club.
The next step is for Arsenal to officially announce Arteta's new contract, which is expected to be confirmed in the coming weeks.