Arsene Wenger is set to pen a new Arsenal contract (Picture: Getty)

Arsene Wenger is on the cusp of signing a new contract at Arsenal after accepting the club’s offer of a new two-year deal.

Wenger, whose current deal is due to expire at the end of the season, has been locked in negotiations over an extension for months.

But after confirming he wants to see out his managerial career in England last week, the Frenchman has reportedly agreed terms on a deal that would take him until 2016.

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Wenger will be allowed to keep on spending on big names (Picture: Getty)

According to reports, the contract would see Wenger continue on the same £7.5million-a-year salary he currently earns – but there would be bonuses for winning silverware.



The move would take Wenger close to two decades in charge of Arsenal and ends speculation over his future, with PSG known to be keen on signing him.

The 63-year-old will also be in charge of an increasingly large transfer kitty over the next two years, with the club’s advertising revenue continuing to grow.

Arsenal signed an extension to their Emirates contract last year while further cash is due to arrive in the summer when a kit deal with Puma is signed.