Arsenal are reportedly ready to hand manager Mikel Arteta a new contract that would make him one of the highest-paid coaches in world football.
According to reports from Mail Sport, the proposed deal comes after Arteta guided the Gunners to their first Premier League title in 22 years this season.
Arsenal were officially confirmed champions on Tuesday night after Manchester City failed to defeat AFC Bournemouth.
Arteta’s current contract is due to expire next summer, but negotiations over an extension are said to be at an advanced stage. The new agreement is expected to include a significant salary increase for the Spaniard.
Diego Simeone is believed to be the highest-paid manager in world football, earning about £26 million annually at Atlético Madrid, with Arteta reportedly set to move closer to that figure.
The Arsenal boss currently earns around £10 million per year, with additional bonuses reportedly tied to Champions League qualification.
Meanwhile, Pep Guardiola is said to earn about £20 million annually at Manchester City. Arteta is also expected to become the Premier League’s longest-serving manager once Guardiola leaves the club this summer.
