Report: Olivier Giroud signs new Arsenal deal

Arsenal striker Olivier Giroud has reportedly signed a new contract to keep him at the club until 2018.

The France international, who is currently out injured with a broken foot, agreed a two-year extension with the Gunners in a move that is expected to be formally announced later this week.

According to The Mirror, the improved terms are worth around £80,000 per week, as Giroud becomes the latest high-profile player to sign a new deal at the Emirates.

Laurent Koscielny, Per Mertesacker, Wojciech Szczesny, Santi Cazorla and Tomas Rosicky all inked new contracts at the club last season.

Giroud is expected to return from injury in the New Year.