Hector Bellerin has signed a six-year deal with Arsenal, which will see him become one of the top earners at the club.
The right-back’s new contract is worth £100,000-a-week. It will net him more than £30m with bonuses and add-ons.
Arsenal moved quickly to tie down Bellerin to a long-term deal, after recent interest from Manchester City and his former club, Barcelona.
Negotiations moved quickly, after the 21-year-old expressed his willingness to remain in London and an agreement was reached within four days.
The club will now turn their attention to the futures of midfielder Mesut Ozil and forward Alexis Sanchez. Both players are into the final to years of their contracts, but talks have begun.
Ozil is closer to agreeing terms with the Gunners, while Sanchez reportedly wants a release clause inserted in his new contract.