The Gabon international has entered the last year of his contract at the Emirates and he called off negotiations in late 2019 after little progress was made in discussions.
Arteta is desperate to keep the 31-year-old and has instructed his board to hand Aubameyang his wage demands of £250,000-a-week.
However, money has never been the problem, as the club feared earlier this year that Aubameyang’s head had been turned.
But the Times claim that Arteta is now confident that Aubameyang will sign a new deal because he feels the striker has been persuaded that the Gunners can compete for top honours once again.
Arteta has masterminded wins over Manchester City, Manchester United, Liverpool and Chelsea since his appointment and Aubameyang has profitted from his style of play.
Aubameyang has bagged 16 goals since Arteta’s appointment but the Gabonese hasn’t received the number of offers his representatives had anticipated, meaning he’s now set to stay at the Emirates.
The former Dortmund ace reportedly felt ‘let down’ by the club in the last 18 months as they had not invested in the way that they had promised since his £57m arrival from the Bundesliga giants.
However, Arsenal ‘s FA Cup victory means they’ve got a spot in next season’s Europa League, which will aid the club’s moves in the transfer market.
The Gunners are in advanced negotiations with Willian’s representatives over a free transfer to the Emirates and the club are ready to hand the winger the three-year deal he craves.