Everton chairman Bill Kenwright is delighted with their summer work.
Kenwright believes the new deal with Mikel Arteta is a huge boost for the club so close to the new season.
He said: "Mikel Arteta is one of the finest players ever to wear an Everton shirt and over the past few weeks his pride in wearing that shirt has helped our conversations hugely. Alongside several others in the squad we are both passionate Evertonians.
"After already tying up the likes of Tim Cahill, Jack Rodwell, Leighton Baines and Seamus Coleman on long-term deals we have now agreed terms with one of the finest and most influential players in our recent history."