Arsenal boss Arsene Wenger has penned a new two-year contract.
It was confirmed on Wednesday afternoon that he will remain in his role until at least 2019.
"Arsenal Football Club and Arsene Wenger have agreed a two-year extension to his contract as manager," a statement on the Arsenal website read.
"Arsene and chief executive Ivan Gazidis have conducted a full review of our on and off the pitch activities to identify areas for improvement to build a sustained title challenge."
Wenger said he was optimistic for the future and said work was under way to plan for a title challenge next season - with Arsenal having not lifted the Premier League trophy in 13 years.
"I love this club and I am looking forward to the future with optimism and excitement," the Frenchman said. "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 (majority owner) Stan (Kroenke) 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."
Arsene WengerArsenal record:
Matches: 1,168
Wins: 670
Draws: 267
Losses: 231
Win percentage: 57.4
Major trophies: 10
Source: tribalfootball.com