Arsenal have been handed a massive cash boost for the coming years.

The Gunners, who are flying high at the top of the Premier League, may be able to compete at the top end for signings for years to come.

A new report from marketing expert Lukasz Baczek states that Arsenal have signed one of the most lucrative sponsorship deals in the Premier League with adidas.

The German kit makers announced the two parties had renewed their partnership until 2030.

The report states that the new deal is worth roughly £600 million, taking the Gunners' earnings from the deal to £75million per year.

That means the club can expect to earn an additional £120 million the next eight-years, compared to what they would have received from the previous deal.