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Wenger signs new Arsenal contract

London, England (SportsNetwork.com) - Arsenal manager Arsene Wenger has ended any speculation about his future by signing a new three-year contract with the club that runs through May 2017.

Wenger is the longest-serving manager in the Premier League having been in charge of Arsenal since 1996, but he came under some pressure this season when a dip in form over the second half of the league campaign saw the club once again fall out of title contention.

But Arsenal's 3-2 win over Hull City in extra time in the FA Cup final ended the club's nine-year trophy drought, lifting some of the pressure off the Frenchman.

"I want to stay and to continue to develop the team and the club," Wenger said after signing his new deal. "We are entering a very exciting period. We have a strong squad, financial stability and huge support around the world."

Under Wenger, the Gunners have captured three Premier League titles and five FA Cups while reaching the 2006 Champions League final before losing to Barcelona.

"Sustained excellence is the hardest thing to achieve in sport and the fact Arsenal has competed at the top of the game in England and Europe throughout the time Arsene has been manager, is the ultimate testimony to his consistency of performance, talent and ambition," Arsenal's majority shareholder, Stan Kroenke said.