Frenchman is now set to take his stay in the capital to the 20-year mark.
Premier League giants Arsenal are set to receive a huge boost with the news that veteran head coach Arsene Wenger will shortly agree to put pen to paper on a new two-year contract at the Emirates, according to exclusive reports on Goal.com.
The Frenchman has been in charge of the Gunners since September 1996, when Wenger took over from Bruce Rioch in the Highbury dugout, and in the intervening 17-year period the 63-year-old has brought huge success to the club.
In total, Arsenal have won three Premier League titles and four FA Cups, including two league and cup doubles, in that time and despite the fact that Wenger has not won a trophy since the Gunners beat arch-rivals Manchester United in the 2005 FA Cup final, he is still believed to retain the complete support and trust of the board and owner Stan Kroenke.
As a result, it is believed that discussions between the Arsenal manager and chief executive Ivan Gazidis are now nearing a completion, with Wenger expected to finally agree terms on a two-year contract extension before the end of this month to replace his current deal, that expires next summer.
And Wenger, who has been in discussions over the new contract since the end of the previous campaign, will still be on the same £7.5m-a-year salary that he currently earns.