Arsenal are gearing up to hand Mikel Arteta a bumper new deal after the Spaniard delivered the club's first league crown in over two decades.
The 44-year-old could see his earnings soar to around £26m per year, putting him on par with Atletico Madrid boss Diego Simeone, widely considered the best-paid manager on the planet.
It's a reward for a manager who has completely transformed the north London club since arriving in December 2019.
Talks over extending his contract, which runs until next summer, were paused during Arsenal's thrilling title race with Manchester City but are now set to resume.
Mikel Arteta is set become the best paid manager in the Premier League
|REUTERS
Arteta's current arrangement is understood to be worth roughly £10m annually, with an additional £5m bonus for securing Champions League qualification.
Should the new terms go through, he'd actually be earning more than Pep Guardiola, who reportedly takes home £20m a year at Manchester City.
It will see him become the best-paid manager in the Premier League - regardless of Guardiola's reported departure.
It's quite the turnaround for a manager in his first senior role, who has now become the second-youngest boss to lift the Premier League trophy after José Mourinho's Chelsea triumph back in 2004.
Contract discussions are expected to pick up again following next Saturday's Champions League final against Paris Saint-Germain.
On the transfer front, Arsenal have their sights set on some exciting targets to bolster Arteta's squad.
Arsenal will officially lift the Premier League title on Sunday after their match against Crystal Palace | REUTERSBournemouth sensation Eli Junior Kroupi, whose goal against City helped seal the title on Tuesday, is firmly on the radar, though the Cherries could demand around £80m for the 19-year-old.
The French teenager broke the record for most goals by a teenager in a debut Premier League season with his 13th strike this campaign.
Atletico Madrid's Julian Alvarez is another name high on the wishlist, with the Argentine's versatility and proven quality at the top level making him particularly appealing.
The title is Arsenal's first since 2004, when the Gunners went invincible | REUTERSThe club won't be splashing quite as much cash as last summer's £250m spree, but funds are available for marquee additions.
Some players will need to move on to help balance the books, with Gabriel Jesus looking surplus to requirements despite earning £250,000 weekly with just a year left on his deal.
Gabriel Martinelli could also depart if the right offer comes in, as he's no longer guaranteed a starting spot.
Meanwhile, Arsenal are in discussions over a potential move for Jeremy Monga, Leicester's 16-year-old winger who made history this season as the youngest ever goalscorer in Championship football.