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Wenger joined Arsenal in 1996

Arsene Wenger has agreed a new three-year contract as Arsenal manager, BBC Sport understands.

The Gunners are set to announce in the next two days that an agreement has been reached with the 57-year-old French boss.

"The new deal will earn Wenger about £4m a year," said BBC sports editor Mihir Bose.

"The timing is no big surprise because the last time he signed a new deal was towards the end of his last contract."

Wenger's deal was set to run out at the end of the season and speculation over his future was fuelled by the departure of striker Thierry Henry in the summer and vice-chairman David Dein, who brought him to the club.

BBC news