Arsenal is set to hand Arsene Wenger a £24m contract as well as a £100m transfer kitty after the manager ended their nine-year trophy drought, Daily Mail reports.

It is understood that the Frenchman will sign a three-year deal, earning around £8million annually.

And the additional £100m transfer funds will be the biggest in Arsenal’s history, to aid the Gunners’ push for the title next season.

Wenger is extremely buoyed by his side’s FA Cup triumph over Hull City last weekend, which is the fifth time the Arsenal boss has lifted the trophy.

Prompted whether a new deal will be signed soon, he replied: “Yes – because I go to Brazil on June 10.”

Wenger will be looking to use the transfer kitty to strengthen his squad in several areas, but it seems his priority at the moment is to convince right-back Bacary Sagna and goalkeeper Lukasz Fabianski to remain at the club.

However he has identified wanting a new striker, a defensive midfielder, and a right back to either cover or replace Sagna.

Bayern Munich’s Mario Mandzukic and Real Madrid’ Karim Benzema are on top of Wenger’s striker wishlist, while Bayer Leverkusen’s Lars Bender and Southampton’s Morgan Schneiderlin are his defensive midfield targets.

The quality and price of the his potential right-back signing will depend on Sagna’s departure, with Toulouse’s Serge Aurier, Southampton’s Calum Chambers, and Manchester City’s Micah Richards all being scouted by the Gunners.

Wenger said, “First we have to wait for Sagna and see what he will do – also Fabianski. After we have to bring in two to three players to strengthen the squad, that’s for sure.

“Unfortunately everywhere we go there are many teams on the market at the moment.”

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