Wenger, the longest-serving and most successful manager in the club's history, is delighted to be extending his 14-year reign.
Wenger told the official club website: "My heart belongs to Arsenal and my desire is to see this team win silverware.
"My commitment and drive are as strong and fresh as ever. Signing a new deal means that I can see this talented group of players reach their potential. Trust me, they are ready to deliver."With my staff and players we are in front of an exciting challenge and we are looking forward to achieving much success."
COMPELLING FOOTBALL
Arsenal chairman Peter Hill-Wood stated: "We are thrilled that Arsène has signed an extension to his contract. He has masterfully transformed this football club over the last 14 years and the exciting and compelling football we play under his stewardship is admired the world over.
"Arsène is a very talented man and we believe the young, exciting team he has nurtured over the past five years will reward his and the fans' patience with silverware."
Wenger has steered Arsenal to seven major trophies over the last 14 years, including the 2003/2004 Premier League title without losing a single match. In each of his 13 full seasons at Arsenal, the Club has qualified for the UEFA Champions League - Europe's premier club competition- an achievement matched only by Manchester United and Real Madrid.
The news gives the Gunners the perfect boost before their opening Barclays Premier League fixture at Liverpool on Sunday.
