The club announced the contract renewal in a statement released on their official website on Tuesday.
Aubameyang’s deal had been due to expire at the end of the season, but he has now ended speculation by extending his stay at Arsenal.
“Signing for this special club was never in doubt,” the 31-year-old said. “It’s thanks to our fans, my team-mates, my family and everybody at this club that I feel like I belong here. I believe in Arsenal. We can achieve big things together. We have something exciting here and I believe the best is to come for Arsenal.”
And according to Arsenal manager Mikel Arteta: “It was important for Pierre-Emerick to stay with us. He’s a superb player with an incredible mentality.
Being the player to have taken the least amount of time to reach 50 goals with this club tells you everything you need to know about him and his way of working.
“He’s an important leader for the team and a big part of what we’re building. He wants to be up there with the best players in the world and leave his mark. He can achieve that here.”
The Gabon international signed from Borussia Dortmund in January 2018 and has since made 111 appearances and scored 72 goals.
In his first full season at Arsenal, Aubameyang jointly won the Premier League Golden Boot with 22 goals.
Last season he netted 29 goals in 44 appearances in all competitions, scoring twice in the Heads Up FA Cup final victory against Chelsea.
He kicked off this season in similar fashion, scoring against Liverpool in the Community Shield as the Gunners lifted the trophy on penalties.
In Arsenal’s first Premier League game of the season against Fulham Aubameyang was on target as the Gunners won 3-0 at Craven Cottage.
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