Mikel Arteta has agreed in principle to replace Arsene Wenger and become the new manager at Arsenal, reports Goal.com.

While no contract has yet been signed, the announcement of Arteta’s return to the Emirates Stadium will be made in the coming days.

The Spaniard is currently assistant coach to Pep Guardiola at Manchester City and played a huge part in guiding them to their record-shattering Premier League title success this season.

Arteta is highly regarded by Gunners chief executive Ivan Gazidis, who believes a younger coach will slot into a modern European football structure, complemented by head of recruitment Sven Mislintat and new head of football relations Raul Sanllehi.

The emergence of Arteta as the Gunners’ primary choice to replace Wenger comes in the aftermath of Massimiliano Allegri ruling himself out.