By Adam Shergold for MailOnline
Published: 09:37 BST, 10 September 2020 | Updated: 10:17 BST, 10 September 2020
The news that the 31-year-old striker - Arsenal's leading goalscorer with 29 last season - has committed his future to the club will come as a huge relief to fans.
It follows months of negotiations between the Gabon international and the London club and will see Aubameyang eclipse £350,000-a-week Mesut Ozil as the club's highest earner.
The Gunners' leading scorer last season with 29 is set to become the club's top earner
The influence of Gunners head coach Mikel Arteta as well as Aubameyang's father was significant in persuading the striker to commit, according to The Athletic.
Arsenal captain Aubameyang was into the final year of his £200,000-a-week contract, which forced the club to choose between selling him for a transfer fee this summer of seeing him leave for nothing next year.
Inter Milan and Barcelona were among the elite European clubs interested in signing one of the Premier League's most consistent goalscorers.