The Sun says Adebayor last night agreed a new four-year double-your-money deal with Arsenal.
The details have been thrashed out and the Togo star, 24, will extend his deal by one year until 2012.
A Gunners source said: "The length of the new deal was hugely important to the club and Manu. Everything was sorted out quickly."
Adebayor bagged 30 goals last season but was booed by fans in recent friendlies after months of speculation.