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Transfer news: Details of Mkhitaryan’s contract with Arsenal revealed

The contract details on Manchester United’s Henrikh Mkhitaryan’s move to Arsenal have been revealed.

The player will sign a three-and-half year contract that makes him the highest paid player at the Emirate Stadium.

The Armenian is in London with his agent, Mino Raiola, to complete a medical with the Gunners ahead of an imminent straight swap deal that will see Alexis Sanchez join Manchester United.

The Mirror, UK, reports that Mkhitaryan has settled on a £200,000-a-week deal – which still represents a massive pay hike compared to what he was earning at United.

That means Mkhitaryan is now the biggest earner at Arsenal, though the Gunners have tabled a contract offer to Mesut Ozil – whose current deal expires in the summer – that would eclipse that offer.

As well as earning a bumper deal at Arsenal, his agent, Raiola also secured a hefty pay-off on the last two-and-a-half years of Mkhitaryan’s United contract, even threatening scupper the Sanchez deal if they did not pay up.

The 28-year-old contract is around £10.4m a year before tax, which is significantly less than the deal Sanchez has received at Old Trafford.

Sanchez will take home £14m a year after tax, making him the highest paid player in the Premier League by some margin.

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