Arsenal owners Stan and Josh Kroenke have confirmed that Granit Xhaka has penned a new deal with the club.
The Switzerland captain was originally expected to depart the Emirates amid persistent links with Roma, only for Jose Mourinho's side to refuse to fork out Arsenal's £20m asking price.
Following his failed move away, Xhaka has supposedly agreed to extend his Arsenal stay until the summer of 2025, and the club's owners have confirmed the midfielder's new contract during a message in the Gunners' pre-match programme for Sunday's visit of Chelsea.
The Kroenkes wrote: "We know there is much work ahead to get back to where we need to be but are confident about what can be achieved by this great club and our people.
"We are building a squad, rich in young talent, much of it developed through our wonderful academy. It is clear looking across Europe that we are dealing with a difficult transfer market due to the impacts of the pandemic but at the time of writing, are delighted to have signed Nuno Tavares, Albert Sambi Lokonga and Ben White.
"We have also renewed the deals of Kieran Tierney and Emile Smith Rowe, both on a long-term basis. These are all young players that we are convinced can develop further and have a bright future with us.
"They are supported by a strong group of more experienced players including Granit Xhaka, who has signed an extended contract. This is an important step in terms of maintaining balance and stability in the squad.
"In the meantime, the transfer negotiating team has been working hard behind the scenes to improve the squad further."
Xhaka played the full 90 minutes in the Gunners' opening Premier League defeat to Brentford and boasts 13 goals and 20 assists from 221 appearances for the North London club.
