The Gunners boss this week will commit to a new contract at the Emirates Stadium, which is expected to see him end his career as manager of the North London club.
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 agreement for 7.5 million pounds a year as a three-year deal to bring an end to the uncertainty that has engulfed the club in recent months.
Wenger, who will be handed the biggest transfer war chest in Arsenal’s history this summer, has decided to stay after meeting the targets 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 past 18 months.
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Wenger agreed to a two-year contract extension with the club as far back as October, but the club decided to add another 12 months to the new deal to prevent another contract saga in 2016.
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 was “comfortable and relaxed” about the fact 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," said Gazidis.
On several occasions in the past six months 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.
Those closest to Wenger had remained in the dark about the manager’s intentions following a series of catastrophic performances that 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 Arsenal led the league for longer than any other club, and he will commit to a new contract now that his ambitions have been met.