First team stars Olivier Giroud, Hector Bellerin and Santi Cazorla modelled the new kit in promotional photos released.
The Gunners new kit follows last season's design of white sleeves and shoulders but have included a darker red stripe down the middle of the shirt.
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With their five seasons £30million-a-year deal still in place, Puma is the makers of the new Arsenal jersey.
First team stars Olivier Giroud, Hector Bellerin and Santi Cazorla modelled the new kit in promotional photos releases.
Present at the unveiling are also former Arsenal stars Robert Pires, Thierry Henry and Fredrik Ljungberg.
According to Puma, inspiration was taken from managers, players and historic moments that defined the club throughout the 1990's to make the new strip.
They however put their own modern spin on the new creation.
The new performance shirt features the new apparel technology, ACTV Thermo-R, which is strategically inserted in both the front and the back of the shirt to help players maintain an optimum body temperature.
A unique phase-change material is injected into the shirts' inner athletic tape, which allows microcapsules to absorb excess heat and release it back to the body when needed.
The taping in the shirts provides an extra snug fit, micro-massaging the skin in specific areas to enable a faster, more effective energy supply to the active muscles.
The new kit costs at least £55 (N26, 000) for a basic home kit short sleeved shirt with no number, with the 'authentic home shirt' priced at £100 (N48, 000).