Mikel Arteta is very close to signing a new contract with Arsenal.

According to recent reports from British media, the Spanish coach has found common ground with the London club's leaders to continue their cooperation beyond the current agreement.

Arteta, who has built Arsenal's sporting project over the past few years, is also expected to be financially rewarded for his work. The 42-year-old is currently reported to earn around £10m per season, excluding bonuses.

The new contract is expected to bring a significant increase in the coach's salary, positioning him among the highest-paid technicians in the Premier League.

The agreement is expected to be formalized after the final procedures between the parties are completed.