Everton midfielder Mikel Arteta isn't interested in offers from Arsenal and Manchester City.

The News of the World says Arteta is set to put pen to paper on a new four-year contract.

The Spain midfielder has been linked with the two clubs during the January transfer window but still has three years remaining on his Goodison Park deal.

But Everton and Arteta's advisers are determined to ward off renewed interest in the summer, with clubs in his homeland also monitoring the situation.

Arteta, 26, will get a £10,000-a-week pay rise to £50,000 and has already indicated to boss David Moyes that he is happy at Goodison Park and wants to remain on Merseyside.