Departing Paris Saint-Germain head coach Unai Emery has reportedly emerged as the favourite to take the reins at Arsenal in the summer.
Despite winning a domestic treble this season, the Spaniard has failed to deliver the coveted Champions League trophy as PSG fell at the last-16 hurdle this term.
Arsenal, meanwhile, are looking for a new manager after Arsene Wenger announced his intention to step down at the end of the season.
However, the report claims that the former Sevilla manager wants £8.5m a year to take the Arsenal job, a figure which the Gunners board is reluctant to pay.
Emery won three consecutive Europa League cups while in charge of Sevilla and clinched one Ligue 1 title, two Coupes de France and two Coupes de la Ligue at the Parc des Princes.