The 31-year-old has signed terms until 2023 worth an initial £250,000-a-week but bonuses included in the contract can take it beyond the £350,000-a-week paid to highest earner Mesut Ozil.
“I signed da ting! It’s finally done, I am really really happy to be staying here,” Aubameyang said. “This is my home. It’s a great day. I want to become an Arsenal legend and leave a legacy. It’s the time to work a lot but for sure I will give my best, as always”.
“Signing for this special club was never in doubt. It’s thanks to our fans, my team-mates, my family and everybody at this club that I feel like I belong here”, he added.
“I believe in Arsenal. We can achieve big things together. We have something exciting here and I believe the best is to come for Arsenal”.
Arsenal streamed a live video of Aubameyang on the Emirates pitch to confirm the news and the striker face-timed Ian Wright to celebrate.
“Thank you for signing,” Wright said. “Others have left us in the past but you stayed when we needed you most”.
Aubameyang joined Arsenal in January 2018 in a £56m move from Borussia Dortmund and has scored a stunning 72 goals in 112 games.
And since Arteta took over as Arsenal manager in December last year, Aubameyang has been in electrifying form.
He led the Gunners to FA Cup glory which in turn landed them with a place in this season’s Europa League. He also scored a stunning goal in Arsenal’s Community Shield win over Liverpool and found the net in their victory over Fulham on the opening day of the present Premier League season.
But, it is Aubameyang’s decision to remain at Arsenal that is the jewel in the crown of Arteta’s summer work.
“It was important for Pierre-Emerick to stay with us”, Arteta said. “He’s a superb player with an incredible mentality. Being the player to have taken the least amount of time to reach 50 goals with this club tells you everything you need to know about him and his way of working”.
“He’s an important leader for the team and a big part of what we’re building. He wants to be up there with the best players in the world and leave his mark. He can achieve that here”.
Arteta’s men are next in Premier League action in Saturday’s late game against West Ham.