The veteran coach will sign a new contract at the Emirates Stadium ahead of the 2017-18 season after meetings at a boardroom level
Arsene Wenger is set to stay at Arsenal and will sign a two-year contract at the club, Goal can confirm.
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 is set to remain the same under Wenger's management ahead of the 2017-18 campaign.
The Frenchman's future was shrouded in uncertainty ahead of last weekend's FA Cup final against Chelsea.
Arsenal emerged victorious, despite being underdogs against the newly-crowned Premier League champions, and the club are now poised to confirm Wenger's stay at the club.