Mikel Arteta has agreed on a new contract with Arsenal to commit his future to the club, per The Athletic. He is putting pen to paper on a new and improved deal to continue his successful reign at the Emirates.

With a staggering increase to £10m a year plus £5m in bonuses, the reigning Premier League champion manager will now likely look to make it to his 10 year anniversary after joining the Gunners in 2019.

Why has Arteta chosen to extend his stay in North London despite clear admiration from clubs across Europe? Here are four reasons the Spaniard is relishing more years with his club.

Champions League glory the next target

After Arsenal came so close to winning their first Champions League, the clear goal for Arteta's Arsenal is to get over that hump and eventually bring a Champions League trophy to North London. With local rivals all winning European trophies in recent memory, Arteta is seemingly one of the only managers in the capital that hasn't.

After not losing in 90 minutes throughout the entire Champions League last season, Arsenal have shown the world that they are a formidable force that could only be stopped by two kicks from 12 yards out. Arteta immediately used that loss to fuel his mentality just minutes after losing in the Champions League final “We have to feel it, we need to go through that. And at some point, we're going to have to try to turn that feeling into fuel to improve and reach another level".

With a clear focus on using the disappointment from last season into this season and beyond, Arteta's contract extension shows all the signs of a determined Champions League run which could see the first Champions League trophy in the capital since Chelsea's in 2021.

Ultimate control rare in football but vital

Arteta has been able to conduct a complete rebuild at his former stomping ground which has resulted in a £1.2 billion spending spree across the past six and a half years. Ultimately Arsenal have spent well generally in that time period, bringing in key players that helped eventually lift the Premier League last season.

In a period of football where managers have the smallest input on signings and given the shortest amount of time to get results, Arteta hasn't faced this in his managerial career and rather the opposite. After a slow start and failing to win the Premier League for multiple seasons the board stood by the former Everton midfielder and ultimately were rewarded.

Arteta has shown that when a process is set in place and all parties understand and agree on a realistic vision for the club that results will follow and that patience is a virtue.

Arteta looks to join Premier League greats

With a heavily debated conversation around who the greatest Premier League manager is, Arteta looks to push towards being included in that conversation. With Pep Guardiola and Sir Alex Ferguson both having a resume only matched by a few managers in the history of the beautiful game, the Spaniard looks to become the next manager to be discussed in the ways that the two Premier League greats are.

With a League title already in the trophy cabinet, Arteta will look to be eager to become one of the top-flight's long standing managers that can bring silverware to his club on a yearly basis.

This new contract symbolises where not only the club want to go but where Arteta sees himself. With a clear focus on the now it is only natural for managers to think about the what if's. With a crucial season of defending their Premier League title, a back to back season would be the first since Pep Guardiola.

Arsenal's youth keeps Arteta's future exciting

Arsenal have made it a habit of producing exciting young players since Saka made his way through the academy. Since then Max Dowman, Ethan Nwaneri and Myles Lewis-Skelly have all made their debut under Arteta and impressed. At just 16 years old, Dowman has had Arsenal fans excited for the next decade as the youngster has netted multiple times in his handful of games.

With Arsenal's future looking bright, Arteta likely sees this as one of the many reasons to commit his future. Arteta doesn't shy away from using young players in big games with Lewis-Skelly starting in the Champions League final and Dowman being an unused sub in the biggest game of Arsenal's history.