The African defender’s future had been in doubt due to a wrangle with The Gunners over the length of his new deal.
Lauren wanted a two or three-year deal while Arsene Wenger would only offer him a 12-month extension. Turkish side Beskitas are believed to be interested in signing Chelsea midfielder Geremi.
With his current deal expiring in the summer, Lauren looked to be heading back to Spain with both Barcelona and Real Madrid keen admirers.
However, it now seems that Arsenal have relented and offered Lauren a two-year deal, which he has agreed to sign.
The 28-year-old was thought to have been offered the chance to sign a pre-contract with Barca to move to Spain in the summer, but the offer of a longer deal at Highbury has convinced him to remain on North London.
Besiktas chasing Geremi
Turkish side Beskitas are believed to be interested in signing Chelsea midfielder Geremi.
Reports emanating from Turkey claim Besiktas have contacted Chelsea about the Cameroon international.
The Turkish giants are believed to have made a £3 million offer for the versatile midfielder as they look to bolster their squad in the transfer window.
Geremi is thought to be keen on a move away after finding himself on the sidelines at Stamford Bridge.
Middlesbrough tried to take the African ace back to The Riverside earlier this month only to their overtures rebuffed by Chelsea.
Besiktas are likely to meet a similar response to that of Middlesbrough as Chelsea are not keen to sell any of their players as they contest for honours on four fronts.