Arsenal have extended their partnership with Emirates Airlines in a deal reported to be worth around £150m.

The agreement will see Emirates remain as the club's shirt sponsor until the end of the 2018-19 season.

"This is an exciting day for Arsenal Football Club and all our supporters," chief executive Ivan Gazidis said. "This agreement is a testimony to Arsenal's approach and to the capabilities we have developed in recent years as well as the strength of our partnership with Emirates.

"The original deal with Emirates was a key facilitator of our move from Highbury and this next phase of our relationship will be just as critical to keep us at the top of the game in England and Europe."

Arsenal's ground in North London will continue to be named the Emirates Stadium until 2028.