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.
Julia Vins, 18, has an army of fans in her native Russia for her striking combination of beauty and brawn Teenager Julia Vins has the delicate facial features of a porcelain doll - and the ripped physique of The Hulk. Julia has an army of fans in her native Russia for her unconventional combination of good looks and rippling muscles. The 18-year-old - who likes to take topless pictures of herself - even holds three world power-lifting records.
A relative of one of the rescued Chibok girls, Peter Joseph has said that the Federal Government has barred the girls from sharing their experience under Boko Haram captivity with their parents. Joseph said this on Al Jazeera’s programme, “The Stream”.
The Indigenous People of Biafra (IPOB) says it is agitating for the sovereign state of Biafra without any intention to destroy Nigeria – The group says President Buhari’s utterances on the Biafra was prejudicial as the matter was in court – Says the Biafran legal unit is putting pressure on the federal government in a case at the Federal High Court in Owerri which was instituted in 2012 The Indigenous People of Biafra (IPOB) has declared that it will the actualise a sovereign state of Biafra without recourse to war.
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