EXCLUSIVE | By Editor

Nacho Monreal has committed his future to Arsenal by signing a new contract, Football Insider sources understand.

The Spain international will be handed a £20,000-a-week pay rise as part of the new agreement, which will lift him into the £80,000-a-week bracket.

Football Insider revealed that Monreal had agreed a new deal to replace his current £60,000-a-week deal, which began in January 2013 and runs until 2017.  It is understood he has now signed the agreement although there has been no announcement from the club.

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The new contract includes an option to extend it to 2019, which means it is worth an extra £2million to the 29-year-old.

Sources had told Football Insider earlier this month that Arsenal were set to offer Monreal a new contract to ward off interest from Athletic Bilbao.

The Spanish club were interested in paying around £7million to prise the 29-year-old from Emirates Stadium.

But Arsene Wenger does not want to lose Monreal and sanctioned a new contract for the £8million signing from Malaga.

It is understood that terms have now been agreed and the player has put pen to paper on an extension.

Monreal has begun the new campaign as Arsenal’s first-choice left-back after displacing Kieran Gibbs in the second half of last season.

The Spaniard was a key figure in the team’s renaissance which ended with an FA Cup triumph and a third-placed Premier League finish.

He is regarded by the Arsenal coaching staff as a more reliable defender than Gibbs and has been given the nod over his English rival to start all six of the Gunners’ Premier League matches this season.