Arsenal Football Club is preparing to offer manager Mikel Arteta a new contract this summer to secure his long-term future with the team [1, 3].

The move comes as the club competes for major honors, including a potential Premier League title and a place in the Champions League final. Securing Arteta's commitment ensures stability for the squad as the club attempts to end a long trophy drought.

Internal decisions regarding the contract extension were made in March 2024 [1, 2]. While Arteta's current agreement runs until the summer of 2027 [2], the club intends to initiate formal talks during the summer of 2024 [3].

Reports vary on whether the new deal is contingent upon silverware. Some sources indicate that Arsenal will offer the lucrative contract regardless of whether the club wins the Premier League or the Champions League [1]. Other reports suggest the club will reward the manager specifically for leading the team to their first Champions League final in 20 years [4].

Arteta has expressed a strong desire to remain with the North London side. "I still have so much ambition at Arsenal," Arteta said [2].

The club's pursuit of the Champions League trophy would culminate in a final in Budapest against Paris Saint-Germain [4]. A victory in both the domestic league and the European tournament would mark a historic double for the organization.

Despite some social media speculation regarding honorary tributes, there is no verified evidence that the club plans to erect a statue for the manager [5].

"I still have so much ambition at Arsenal."

By initiating contract talks well before the 2027 expiration, Arsenal is signaling a shift from a rebuilding phase to a period of expected sustained success. Tying rewards to a Champions League final appearance reflects the club's priority to regain elite European status after two decades of absence from the final match.