Dec 6, 2013, 11:24 PM EDT
The new Arsenal deal is reportedly worth £24 million ($39.2 million).
The Times say negotiations have been taking place since October, and that he’s already informed his entire staff that he plans to stick around the Emirates for the long term.
Wenger’s deal in place expires at the end of the current season.
This news would explain Wenger’s comments of last week, when the Arsenal boss said he was “relaxed” about his contract situation and deflected further inquisition into the status of his future.
“I have been here for 17 years, and I just want to make sure that I deliver to this club what the club is expecting,” Wenger said back on November 29. “I decided that at the start of the season because we had a very difficult start, and I want to continue that and do a good job and focus on that.
“My commitment is not a problem to this club.”
Wenger has been at the helm of Arsenal since 1996, making this year his 17th with the club.
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