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Arteta took over from Unai Emery in December 2019 and his
previous deal was set to expire at the end of next season.
"I'm excited, grateful and really, really happy today," the
40-year-old told the club website.
"When I spoke to (director) Josh (Kroenke) he could see the club
at the same point and he wanted to take the club the way I
wanted to do it. So everything that he's said, and that (owner)
Stan (Kroenke) has said when I’ve been together with both of
them, they've always delivered."
Arteta won the FA Cup with Arsenal in the 2019-20 season after
they beat Chelsea in the final. In his first full season in
charge last year, the Spaniard led the club to eighth place in
the league.
Arsenal are currently in fourth place and occupy the last
Champions League spot with four games remaining.
"We want to take the club to the next level and to compete
really with the top teams. In order to do that, we have to be
playing in the Champions League. We have to be able to evolve
the team, improve our players, improve all departments," added
Arteta.
(Reporting by Dhruv Munjal in Bengaluru; Editing by Hugh Lawson
and Toby Davis)
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