A new contract has been signed by the player.
After narrowly missing out on the Women's Super League title, Miedema has committed her immediate future to the club.
The 25-year-old was part of the team that won the WSL and scored 23 goals in 39 appearances.
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The Netherlands international joined the team in the summer of 2017, and has scored over 100 goals in his career. She was the top scorer in the WSL in both of the last two years.
Viv is a fantastic talent and a hugely important player for this team, so it is great news that she is staying with us. As a club, our ambition is to win titles and compete at the highest level, and we know we can do that together.
The most beautiful thing about the game is that you can build something with a team and people around you that you really want to be around.
I feel like I have that at Arsenal. I feel like winning titles with the club will mean more to me than winning them with another club. That is what I hope to achieve with the club.
Miedema was a part of the Netherlands team that won the European Championship in 2017, and finished second at the Women's World Cup.
This is an important day for the club. She is one of the best players on the planet and has shown her quality year after year in the jersey. We have ambitious targets here and Viv will play a key role in reaching them.