Since joining from Borussia Dortmund two-and-a-half years ago, Aubameyang has managed a phenomenal 70 goals and 15 assists in 109 games for the Gunners despite the team’s underachievement in that time.
Things are looking up under Arteta, however, and tying the prolific goalscorer down to a new contract is a major shot in the arm for their hopes of re-establishing themselves as a Champions League regular once more.
Arsenal meanwhile kickstart their 2020-21 season against Liverpool in the Community Shield at an empty Wembley this weekend.
Arteta added: “The players seem in good condition mentally and physically so we are ready to go.
“We have no choice, we have a cup to play on Saturday.
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“We’ve had two training sessions so you can imagine this game comes in the middle of our mini-pre-season but we haven’t had much time [between last season and this season] to lose the condition.