Wenger to remain in charge at Arsenal after signing two-year deal.
The Frenchman's future was shrouded in uncertainty ahead of last weekend's FA Cup final against Chelsea.
Arsenal emerged victorious, despite pre-match predicitions from pundits to the contrary, and the club are now poised to confirm Wenger's stay at the club.
The 67-year-old's new deal has been approved despite a boardroom split, and his salary will remain the same.
Wenger and majority shareholder Stan Kroenke held a private meeting in a secret location on Monday, and the details of the Frenchman's contract were confirmed 24 hours later in a boardroom meeting.
A formal announcement is likely to follow on Wednesday.
The structure of the club, meanwhile, is set to remain the same under Wenger's management ahead of the 2017-18 campaign. Click to signup for FREE news updates, latest information and hottest gists everyday
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