By Arsenal correspondent Tony Hughes

Olivier Giroud has become the latest Arsenal star to sign a new contract, the club have confirmed in their financial results.

Football Insider revealed in July that Giroud had followed in the steps of the likes of Theo Walcott, Carl Jenkinson and Mikel Arteta by putting pen to paper on an extended deal.

This came after manager Arsene Wenger said at a press conference last September that the France international had agreed the terms of a new contract.

But, like his team-mate Arteta, who agreed fresh terms at the start of the year but did not sign the papers until this summer, Giroud intially stopped short of formally committing to Arsenal.

[nextpage title=”Next page”]

Arsenal usually use their official website to confirm new player contracts but did not to so in Giroud’s case. Instead, chief executive Ivan Gazidis announced the news in the club’s newly published financial results for the year ending 31 May 2015.

“We have again done a lot of work this year agreeing contract extensions with key players,” Giroud wrote. “Chuba Akpom, Mikel Arteta, Hector Bellerin, Santi Cazorla, Francis Coquelin, Olivier Giroud, Alex Iwobi, Carl Jenkinson, Jon Toral and Theo Walcott have all signed extensions to their existing contracts. This ensures we will maintain continuity in the squad and puts us in a strong position for the future.”

Football Insider has learned that Giroud, who turns 29 next week, has signed a deal tying him to the Gunners until 2018. He has also been rewarded with a pay rise lifting his salary to £90,000-a-week.

Olivier Giroud, Arsenal

Giroud is set to return to the Gunners’ starting line-up for Wednesday’s Capital One Cup clash against Tottenham.

The Frenchman was dropped to the bench for the 2-0 defeat to Chelsea at the weekend but will be recalled to spearhead what is expected to be a strong Arsenal team.