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Report: Wenger to Sign Two-Year Arsenal Extension

Ahead of Arsenal’s Annual General Assembly on Thursday, Coach Arsene Wenger is reportedly set to formally sign a two-year extension to his current deal. The extension, worth the same $12.1 million per year that he currently receives, may not represent a pay-raise, but it will be supplemented by several performance-based bonuses, Goal.com claims. It would also take the Frenchman to 20 years in charge of Arsenal.

During the AGA, Wenger spoke with confidence about the Gunners’ future, saying the current team could build on recent displays to deliver long-term success. He highlighted last season’s 2-0 win at Bayern Munich in the UEFA Champions League as the catalyst for the club’s turnaround, even though it lost that particular series on aggregate.

"We have huge ambition to win the league this season. We were restricted financially and had to be strict, but we have come out of that,” Wenger said. "However, we have to defend our style of play and values, that comes from developing our own players, with youth policy and that should be core of our club. The future of Arsenal will rely on quality of work we do inside, to scout and develop. We are respected all over world for our values, we are not artificial.

He added: "We will also look to buy proven quality -- we did not need to scout to buy [Mesut] Ozil, it was just money. I am pleased we have shown you we are not afraid to spend."

Arsenal is currently tied at the top of the English Premier League standings alongside rival Liverpool.

Read the whole story at Sky Sports News »

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