Arsene Wenger will end his long-running contract saga this week by finally signing a new Arsenal deal, Goal understands.
Wenger, who turns 65 in October, is poised to put pen to paper on what is expected to be his final contract before he retires.
Arsenal will present the £7.5 million-a-year agreement as a three-year deal to bring an end to the uncertainty that has engulfed the club in recent months.
The Frenchman, who will be handed the biggest transfer kitty in the Gunners' history this summer, has decided to stay after meeting the targets that he had set himself of winning the FA Cup and securing a top-four Premier League finish.
He had wavered during a series of marquee-match setbacks as Arsenal's league challenge faltered but a strong finish to the campaign has convinced him to stay on and have another crack at winning the Premier League and the Champions League.
The Gunners' longest-serving manager had retained the backing of senior club figures, led by American owner Stan Kroenke, throughout some difficult times during the last 18 months.
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Intriguingly, most of Wenger's backroom staff will be handed two-year contracts by the club, including Boro Primorac, assistant manager Steve Bould, first-team coach Neil Banfield, goalkeeper coach Gerry Peyton and fitness coach Tony Colbert.
Chief executive Ivan Gazidis said in January that the hierarchy were "comfortable and relaxed" about the fact that the manager's deal was due to expire in the summer. "Arsene will be extending with us and, at the right time, we will make that announcement," he declared.
There have been a series of occasions in the last six months when there has been a signal from within the club that Wenger was about to formally sign the new contract that remained on the table but each time the manager made a U-turn and put his future beyond this season on hold.
As reported by Goal, those closest to Wenger had remained in the dark about the manager's intentions following a series of catastrophic performances which had left Arsenal's attempts to qualify for the Champions League in major jeopardy.
However, Wenger has been satisfied by the team's finish to a topsy-turvy campaign in which his side led the league for longer than any other club and he will commit to a new contract now that his ambitions have been met.