Arsene Wenger has decided to commit his future to Arsenal amid rife speculation that he would be moving to Paris Saint-Germain next summer.
The 63-year-old will be in his last year of his current contract with the club after this summer and the failure to hold talks with the club on extensions had led many to believe that this would be his final season at the club.
PSG had made a concerted effort to sign him earlier in the summer and though they have finally appointed Laurent Blanc to replace Carlo Ancelotti at Parc des Princes.
The fact that PSG offered only a 12-month deal to the Frenchman further fuelled speculation that Wenger might make the move from London to Paris next summer.
But Wenger has moved to dismiss such possibilities by announcing that preliminary talks have started with the club regarding the extension of his bumper £7.5million-a-year contract.
"I am committed to staying longer at this club. I've already had a chat with Ivan. It went very well, not a problem," said the Frenchman.
In the past, Wenger had generally agreed three-year deals, but he has stated that the team needs to be doing well for him to stay: "What I will always do in the future is not to use my longevity as an advantage to stay in this position if I don’t do well.
"The contract will be decided in the future. That will depend on how well I do. I've always shown my commitment to this club and I don’t think I need to prove anything on that."
He further added that he would like to challenge for trophies again in the coming years: "I don't automatically assume that I will be here.
"I think I knew when I committed to my last contract and the contract before that the club were going through a very sensitive period, because we had less financial resources and the challenge was to stay at the top and in the Champions League during that period."
"We are coming out of that period and I hope in the next two or three years the club will be competing for the Premier League."
Wenger, who has led Arsenal to 11 trophies in 17 years, concluded: "My heart is with Arsenal. I'm not at PSG because my heart is with Arsenal."
The Frenchman who is known for his ability of spotting young talent and turning them into big stars is currently in Indonesia for the first leg of Arsenal's Far East tour, with 20-year-old Yaya Sanogo as his only summer signing thus far.
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