GOOD NEWS: Arsene Wenger Signs Another 3-Year-Deal With Arsenal

Arsene Wenger hopes to build on the eight major trophies he has won since becoming Arsenal's manager in 1996.

Arsene Wenger signed a new three-year deal to manage Arsenal until 2017, renewing his commitment to the club after ending a nine-year trophy drought.

The new deal was announced by Arsenal to the London Stock Exchange and will take Wenger into his 21st year at the club, where he has been in charge since 1996.

The 64-year-old Frenchman won three Premier League titles and four FA Cups in the first half of his Arsenal tenure, but failed to capture a trophy since 2005 until winning this season's FA Cup.

Wenger has guided the London side into the Champions League for 17 consecutive seasons and is the longest-serving manager in the Premier League following the retirement of Alex Ferguson at Manchester United last year.

"I want to stay and to continue to develop the team and the club. We are entering a very exciting period," Wenger said on the Arsenal website.

"We have a strong squad, financial stability and huge support around the world. We are all determined to bring more success to this club."

Further criticism was targeted at Wenger for selling star players Cesc Fabregas, Robin van Persie and Samir Nasri to rivals like Barcelona United and Manchester City.

The club-record signing of Germany playmaker Mesut Ozil for $66 million last summer suggested a chance in stance in the transfer market from Wenger.