The 20-year-old youth product, who joined the membership on the age of 9, made 33 first-team appearances throughout a breakthrough marketing campaign final season.
As is membership coverage, the size of the brand new contract has not been made public however the information might put an finish to hypothesis linking different golf equipment with the attacking midfielder.
Latest experiences had steered Aston Villa had been bidding to signal the England Below-21 worldwide.
Gunners supervisor Mike Arteta stated: “As all of us noticed final season, Emile is an clever participant with wonderful potential.
“His sharpness on the flip and distinctive imaginative and prescient have already made him a key participant for us. His angle and willingness to be taught have additionally been very spectacular.
“I do know the followers will be part of us in being delighted that Emile has dedicated his future to the membership.”
Arsenal have additionally introduced Smith Rowe, who has additionally had mortgage spells at Huddersfield and Leipzig since making his senior debut in 2018, will now take the squad quantity 10.
Technical director Edu stated: “It’s nice to see one other younger participant develop by our academy system to turn out to be a key a part of our first workforce.
“Emile is a participant who represents the way forward for the membership and for this reason we’ve got given him the quantity 10 shirt.”