Press: "Arsenal" reconciles new contract terms with manager A. Wenger © EuroFootball.com

London's "Arsenal" club manager Arsene Wenger has agreed to sign a new contract with the capital's team, reports "Goal.com".

The current French contract with the "Gunners" expires after this season, but there is no doubt that the coach will stay in the club for a longer period.

It is reported that the manager has reached an agreement with the club management and will sign a new contract valid until the summer of 2016.

It is also announced that according to the conditions of the new contract, A. Wenger will earn the same amount per year as he does now - 7.5 million euros.

If the rumors prove true and the manager signs a new contract, in 2016 A. Wenger would celebrate his 20th year at the helm of the team.