Several reports had suggested that Arsenal were willing to part ways with the 30-year-old this summer as part of their squad overhaul.
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According to The Athletic, that is no longer the case, and Arsenal have handed him a significant pay rise in a contract ‘adjustment.’
Trossard has reached an agreement on a contract adjustment, increasing his salary but not extending the deal beyond its previous expiration of 2027.
The Belgium international has previously been linked with a move to Bayern Munich but now looks set to remain in North London.