Wenger, 57, would have seen his current deal expire at the end of the season, and is understood to have agreed an extension for three years, worth around £4million a season to the highly-respected French coach.
The imminent announcement will bring to an end the speculation linking Wenger with a move away from the club at which he has made such a marked impact over the past decade, securing three Premier League titles and four FA Cup triumphs as well as European Cup runners-up in 2006.
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