Arsenal Football Club and Arsène Wenger have agreed a two-year extension to his contract as manager and has been reportedly handed  a £100m budget to spend in the upcoming summer transfer window.

Owner, Stan Kroenke said: “Our ambition is to win the Premier League and other major trophies in Europe. It’s what the fans, players, staff, manager and board expect and we won’t rest until that is achieved. Arsène is the best person to help us make that happen. He has a fantastic track record and has our full backing.”

Confirming the news, the Frenchman, said: “I love this club and I am looking forward to the future with optimism and excitement. We are looking at what we do well and how we can be stronger everywhere. This is a strong group of players and with some additions we can be even more successful. We’re committed to mounting a sustained league challenge and that will be our focus this summer and next season. I am grateful to have the support of the board and Stan in doing everything we can to win more trophies. It’s what we all want and I know it’s what our fans around the world demand.”