The 40-year-vintage, who took over on the Emirates in December 2019 following the dismissal of Unai Emery, is near main the Gunners lower back into the Champions League after a 5-year absence.
Arsenal are fourth within the Premier League desk, points clear of north London opponents Tottenham with just four video games to go.
The Spaniard stated Friday he turned into "simply happy" to have signed his new deal at the membership that he captained when he became a participant.
"We need to take the membership to the subsequent degree and to compete absolutely with the top teams," he stated.
"In order to try this, we should be gambling in the Champions League. We have if you want to evolve the team, improve our gamers, improve all departments, generate even greater reference to our enthusiasts, enhance the surroundings at the Emirates, be able to recruit top, pinnacle expertise and the best human beings for this membership to drive this undertaking to that degree."
Arteta, who won the FA Cup at some point of his first year in price on the Emirates, has recommended Arsenal again closer to the top of the desk after their worst start to a season for decades.
The Spaniard turned into dealing with requires his sacking lower back in September however he has been rewarded for keeping faith along with his young gamers as well as cutting ties with club captain Pierre-Emerick Aubameyang, who moved to Barcelona in January.
Arsenal have enjoyed spectacular current wins over Manchester United and Chelsea to take manipulate of fourth vicinity however face a potentially decisive derby against Spurs next week.
Arsenal director Josh Kroenke, whose father Stan owns the membership, said the deal offers "stability and clarity for the future".
