It is understood the new £8million-a-year deal has already been agreed and Arsenal plan to announce it this week.
MirrorSport revealed on April 23 that Wenger had finally decided to sign - and that he will get a transfer kitty to strengthen the squad this summer.
But the FA Cup success has made it a lot easier for them to announce with fans happy that they have reached the top four and won their first trophy in nine years.
The FA Cup hero says the Gunners have already proved they can be contenders – and winning a first trophy in nine years will boost confidence even more.
"Now we’ve finally won something, hopefully it will push us on and we’ll win a lot more things," the Welshman insisted.
Monday's Arsenal stories from other newspapers and websites
He will be given the biggest transfer budget in Arsenal history to help him win the Premier League title for the first time since 2004.
Bayern Munich’s Mario Mandzukic and Real Madrid’s Karim Benzema are among the Frenchman's top striker targets.
Bayer Leverkusen’s Lars Bender and Southampton’s Morgan Schneiderlin are midfielders who have been watched extensively by the Gunners scouts, while Toulouse’s Serge Aurier, Southampton’s Calum Chambers and Manchester City’s Micah Richards are right-back options should Bacary Sagna depart.
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Pastures new: Could Milner make the move to north London?
The Gunners are also being linked with Manchester City midfielder James Milner.
According to the Metro, the England man could be tempted to leave the Etihad in search of regular football, and Arsenal could be an option.
Everton and Spurs are the other clubs reportedly in the running for Milner's signature.
ESPN FC's Shaka Hislop breaks down the rumoured shake-up in the Man United camp. With the summer transfer window upon us, rumours are picking up steam. Transfer Talk has its finger on the pulse when it comes to the latest gossip TOP STORY: Mourinho preparing Old Trafford clear-out Jose Mourinho will enter the next stage of his rebuilding job at Manchester United by making Juan Mata, Bastian Schweinsteiger, Marcos Rojo andDaley Blind available for transfer, according to the Daily Record .
Former President Goodluck Jonathan has spoken of the tensed moment he faced on March 28, 2015 ahead of his decision to concede victory to President Muhammadu Buhari after that year’s presidential election.
+14 In this Tuesday July 12, 2016 photo, people take shelter near the All Saints Church in Juba, South Sudan. Embassies and aid organizations in South Sudan were trying to evacuate staff from the capital, Juba, on Tuesday as a precarious calm settled over the city following several days of deadly clashes. (AP Photo) The U.S. military in Africa said Wednesday it has sent 40 additional soldiers to South Sudan's capital, Juba, to help secure American personnel and facilities in the war-torn city, while South Sudanese trying to flee the country by road reported attacks, killings and robberies by armed men. Amid a tense cease-fire which has held since Monday night, the U.S. troops deployed at the request of the State Department, said Africom spokeswoman Cpt. Jennifer Dyrcz.
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