Are Arsenal making a mistake by handing new contracts to these two players?

Reports today suggest that Arsenal are poised to give midfielder Mikel Arteta and striker Olivier Giroud new contracts to stay at the Emirates Stadium.

Arsenal took their summer spending to over £75m this week, as Manchester United striker Danny Welbeck moved to North London, joining previous signings David Ospina, Mathieu Debuchy, Calum Chambers and Alexis Sanchez as manager Arsene Wenger looks to build on their recent FA Cup and Community Shield trophy wins

More signings had been expected and whilst Colombian World Cup defender Mario Yepes is believed to be a target on a free transfer, some Arsenal fans remain disappointed that a defensive midfielder and centre back haven't been brought in. An unbeaten start to the season has seen three draws, with most fans somewhat underwhelmed with recent activity.

A deal for Yepes could be in the offing, but it seems that Wenger is now intent on extending the contracts of two of the current key Arsenal players.

According to the Daily Mail, midfielder Mikel Arteta and striker Olivier Giroud will be handed new deals to remain at the club for the coming years.

Arteta, 32, sees his current deal expire at the end of this season and given Wenger's policy on handing new contracts to ageing players and Arteta's disappointing season last term, it's somewhat surprising that the Spaniard could receive an extension until 2016 as Wenger looks to give the former Everton man another year in North London.

The potential extension means that Arteta would be 34, and if he is to prolong his stay, then Arsenal have to bring in a younger midfielder to complement him. Arteta's athleticism is naturally dwindling as he gets older, and adding someone like William Carvalho from Sporting Lisbon has to be a priority if Wenger still sees Arteta as a key part of the team.

Meanwhile, striker Giroud will be handed a timely boost having sustained a broken ankle injury that will rule him out until the start of 2015. Questions over his future may have arisen after the arrival of Welbeck, but Wenger clearly sees the Frenchman as an integral part of the future plans at Arsenal.

The 27-year-old divides opinion, with some believing that the former Montpellier striker doesn't score enough goals, whilst others appreciate his hold up play. Unless Yaya Sanogo develops in the coming years, Arsenal may still need to purchase another striker to backup Giroud and Welbeck.

Keeping the current talent is a wise move from Wenger, but with Arteta ageing and Giroud inconsistent, other players need to be brought in as cover given how the two players come in for criticism so much. If Wenger sees Arteta and Giroud as the long-term answer to Arsenal's midfield and striking issues, then this could be a big mistake.

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