Arsenal are turning their attentions to securing the futures of their existing squad after their £80million summer splurge.

Olivier Giroud and Mikel Arteta are both in line for new contracts following the club’s costly spree on fresh talent, including Alexis Sanchez and Danny Welbeck, this summer.

The news will come as a timely boost to Giroud after he was ruled out for four months with a broken ankle.

VIDEO Scroll down for a hilarious video featuring Olivier 'I can't help being gorgeous' Giroud

New deal: Arsenal striker Olivier Giroud is to be offered a contract extension until the summer of 2018

Extension: Mikel Arteta (left) will be offered an extra 12 months on his current deal at the Emirates Stadium

Nightmare: Arsenal physio Colin Lewin attends to Oliver Giroud after he sustained an ankle injury

All smiles: Alexis Sanchez (left) was signed from Barcelona this summer as part of Arsenal's £80million spree

Giroud’s contract expires in 2016, but the Gunners are keen to end any uncertainty over the striker’s future by extending his deal until 2018.

The club will also look to tie captain Arteta down to a 12-month deal in the coming weeks.

Meanwhile, Arsenal are hopeful of having injured forward Theo Walcott available for the north London derby against Tottenham on September 27.

Still in red: Danny Welbeck switched from Manchester United to Arsenal in a £16million deadline-day move