Arsenal manager Arsene Wenger
Arsenal chief executive Ivan Gazidis believes that manager Arsene Wenger will stay "for the long term".
Wenger, 63, is starting the final season of his current contract but Arsenal expect him to sign a new deal, reports the BBC.
Gazidis said: "We have got a fantastic manager. We hope that he wants to do what he is doing for the long term. I believe he does.
"Quietly and at the right time I think we will make an announcement on [a new deal] when things are put in place."
Wenger steered the Gunners to a top-four finish in the Premier League last month which secured Champions League football for the 17th successive year.
But the club have not won a trophy since lifting the FA Cup in 2005, and had a poor season in the cups last year.
They went out of the Capital One Cup to League Two side Bradford and lost in the FA Cup at home to Championship side Blackburn, while their European hopes were ended at the first knock-out stage by eventual winners Bayern Munich, despite a valiant second-leg win in Germany.
However, Gazidis says he is confident they can win trophies again under Wenger.
He said: "We have a great relationship and he has a great relationship with the board as well.
"We have got a lot of confidence in Arsene that he is the right person to take the club forward.
"We want to be a club that is competing at the very top end of the game and that means competing to win the Premier League and competing to win the Champions League."