The 31-year-old’s current deal with the Gunners is due to expire next summer where he would then be able to leave on a free transfer.
However, The Athletic now report that Aubameyang has agreed to extend his stay with the club and will sign a new three-year deal ‘imminently’.
The report claims that Mikel Arteta played an instrumental role in convincing the striker to stay at Arsenal.
It’s also reported that the terms of Aubameyang’s deal were arranged by Arsenal’s former head of football, Raul Sanllehi, before the Gunners’ technical director, Edu, finalised the terms.
Aubameyang’s new contract is believed to be worth £250,000 a week, which will make him Arsenal’s highest-paid player when Mesut Ozil leaves the club next year.
Since joining the Gunners from Borussia Dortmund for £56 million in January 2018, Aubameyang has played a key role in Arsenal’s attack, scoring 71 goals in 110 appearances.
Speaking after Arsenal’s victory over Chelsea in the FA Cup final last month, Arteta claimed that he wanted Aubameyang to become a focal part of his side.
‘He knows what I think about him, I want to build a squad around him,’ said the Arsenal manager.
‘He is loved by everyone at the club. I think he will [stay].’