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Arsenal manager Mikel Arteta signed a new three-year contract, the Premier League club announced Thursday.

ESPN reported that the 42-year-old Spaniard will receive a “significant” raise on his current $11.7 million salary.

“I feel extremely proud, very excited and am looking forward to what is coming next. I’m proud to be where I am and have the relationships that I have with everyone at the club,” Arteta said in a statement.

“I feel extremely lucky to work every single day with good people and the ambition we have here. I feel very inspired, I feel challenged, I feel supported and I want to do much more than what we’ve already done together.”

Arteta joined Arsenal in 2019, and his previous contract was due to expire next summer.

“Mikel is a dynamic and passionate manager, who is relentless in the pursuit of excellence,” Arsenal co-chairman Josh Kroenke said. “He has a deep understanding of Arsenal’s values, and since joining us as Head Coach in December 2019, he has taken the team to another level in an Arsenal way.”

The Gunners have placed second to Manchester City in each of the past two seasons. Arsenal (2-0-1, seven points) are tied for third in the early going this season heading into Sunday’s match at Tottenham Hotspur.

–Field Level Media