Folarin Balogun has signed a new four-year contract with Arsenal, the Premier League club announced on Monday.
Balogun, 19, is highly-rated despite having yet to make his league debut for the Gunners - although he has scored twice in six cup appearances for the senior side.
The US-born England youth international had looked set to leave north London when his previous deal expired at the end of the season but has now committed his future to Mikel Arteta's side.
Technical director Edu said of the deal: "It's great that Flo will continue to be with us. He is a very promising young talent and has already shown so much quality in his performances.
"We are all looking forward to working with him during his continued development in the coming years."
Boss Mikel Arteta added: "We have been extremely impressed with Flo this season. He has continually shown his natural ability in many training sessions with us and we have been equally impressed with his early integration into the first-team squad on matchdays.
"He has given us glimpses with the performances and of course with his two goals already for the first team. The hard work starts here for Flo and we are all looking forward to supporting and working with him in the years to come."
