Arsenal is ready to offer manager, Mikel Arteta a new contract, according to the UK Sun.

The Gunners hierarchy will also reward Arteta with a bumper pay rise, which will see him earn £8.3million-a-year from this summer.

The Spaniard has 16 months left on his current deal and the club is eager to secure his long-term future at the Emirates.

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Arsenal owner, Stan Kroenke, will sanction a three-year contract that will be worth £25m for the Premier League’s youngest boss.

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Arteta currently earns £5m a year, a figure that does not even begin to compare with his former Manchester City mentor Pep Guardiola, who is on £20m a year at the Etihad.

New Tottenham Hotspur boss Antonio Conte and Liverpool’s Jurgen Klopp are both paid around £15m per year.

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