Arsenal have broken their wage structure to seal the long-term future of right-back Bacary Sagna, according to Le 10 Sport.
The 30-year-old is out of contract at the Emirates Stadium this summer and has been attracting interest from Monaco, PSG and Manchester City.
All three of the aforementioned clubs were ready to exploit their loaded pockets in order to offer Sagna big money to leave north London, but Arsene Wenger has responded.
Abandoning his policy of offering over-30s one-year deals, Wenger has given Sagna a three-year contract that will take him up until the summer of 2017.
The French newspaper also report that Sagna will earn roughly £80,000-a-week with the Gunners.
It's a big boost for Wenger, who has been trying to tie down both Sagna and Per Mertesacker to long-term deals.
Sagna's departure would have meant trying to find a suitable replacement, something that always carries risks.
Speaking in a press conference yesterday, Wenger said: "At the moment, if Sagna does not extend his contract we will have to do that [look at alternatives].
"For me, Sagna is a very important player for the group. He is fully committed and, as long as he stays here, he will be fully committed in every single game he plays."