Arsenal are reportedly considering ending their pursuit of Luis Enrique due to the former Barcelona manager's transfer demands.
Enrique is believed to be close to the top of Arsenal's list of targets to replace long-serving manager Arsene Wenger, who will step down from his role after 22 years at the helm at the end of this season.
However, the Spaniard is understood to have demanded a £200m budget for transfers this summer, which the Gunners are hesitant to meet.
The Gunners are on course for their lowest finish since 1994-95 and are already guaranteed to end the season with their worst-ever points tally under Wenger following Sunday's 2-1 defeat to Manchester United.
Enrique is hopeful of reestablishing Arsenal as title contenders on a regular basis, but has told the board that major surgery will be required to achieve that.