The Gunners boss, whose previous contract was set to run until the end of this season, has won 11 trophies with the Gunners during his 13 years in north London.
Ã¢â‚¬Å“My heart belongs to Arsenal and my desire is to see this team win silverware,” said Wenger.
Ã¢â‚¬Å“My commitment and drive are as strong and fresh as ever. Signing a new deal means that I can see this talented group of players reach their potential. Trust me, they are ready to deliver.
Ã¢â‚¬Å“With my staff and players we are in front of an exciting challenge and we are looking forward to achieving much success,” added the 60-year-old.
Arsenal chairman Peter Hill-Wood added: “ArsÃƒÂ¨ne is a very talented man and we believe the young, exciting team he has nurtured over the past five years will reward his and the fansÃ¢â‚¬â„¢ patience with silverware.Ã¢â‚¬Â
Wenger’s side kick off their Premier League campaign with a trip to Anfield on Sunday afternoon.
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