Arsenal will hold talks with Carlo Ancelotti after the Italian was sacked by Napoli on Tuesday night.
The north London club are still searching for a permanent replacement for Unai Emery, who was dismissed a fortnight ago having overseen a run of seven games without a win.
Several names have been linked as potential candidates and Ancelotti has emerged as a possibility following his exit from the Serie A club.
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The former Chelsea boss was sacked hours after Napoli had beaten Genk 4-0 to book their spot in the Champions League knockout stages
A statement from the Italian side read: "SSC Napoli has decided to revoke the role of first-team coach from Mr Carlo Ancelotti.