Arsenal have finally confirmed that Pierre-Emerick Aubemayang has signed a new contract, with the striker agreeing a deal that keeps him at the club until 2023.
Aubameyang, the club captain and top scorer, has been convinced that Arsenal’s development under Mikel Arteta matches his own ambition.
The contract is understood to be worth in excess of £250,000 per week and could become considerably more lucrative with bonuses, including Champions League qualification.
Telegraph Sport exclusively revealed at the start of August that Arsenal were close to agreeing terms with Aubameyang.
The extension has been agreed in principle for weeks, with Arsenal in no rush to announce it despite the pressure and expectation from their supporters.
"I am really really happy to stay here," said Aubameyang on a live social media feed. "This is my home.I want to become an Arsenal legend and maybe leave a legacy. It's time to work a lot to become a legend but for sure I will give my best as always."
Aubameyang has scored two goals in the first two games of this season and has thrived on the left side of Arteta’s attack since the Spaniard’s appointment in December. He is a hugely important figure in the dressing room and is described by team-mates as a leader by example on the training ground.
Since joining Arsenal from Borussia Dortmund for £56m in January 2018, Aubameyang has scored 72 goals in 111 appearances in all competitions.
He was also the key man in Arsenal’s FA Cup victory over Chelsea last month, scoring twice as Arteta’s side came from behind to lift the trophy at Wembley.
Arteta has made no attempt to hide the fact that an announcement has been close, saying this weekend that he was “really positive” the extension would be confirmed in the coming days.
"It was important for Pierre-Emerick to stay with us," said Arteta upon news of the striker's new contract. "He is a superb player with an incredible mentality. Being the player to have taken the least amount of time to reach 50 goals with this club tells you everything you need to know about him and his way of working.
"He is an important leader for the team and a big part of what we are building. He wants to be up there with the best players in the world and leave his mark. He can achieve that here."
Arteta himself has played a crucial role in convincing Aubameyang to commit his future to the club, having been involved in negotiations with the player and his entourage.
Indeed, Arteta’s influence in such matters was one of the reasons behind his promotion from head coach to manager before the start of the new Premier League season.
Arsenal’s attempts to keep their talisman were helped by the sense of momentum that is building at the club following Arteta’s appointment in December. They have also convinced young stars Bukayo Saka and Gabriel Martinelli to sign new deals in recent months.