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Mikel Arteta's odds to leave Arsenal are SLASHED after Europa League knockout by Villarreal as former Juventus boss Max Allegri is installed as the favourite to replace him, followed by Brendan Rodgers

Mikel Arteta's odds to leave Arsenal have been slashed overnight following their Europa League semi-final exit against Villarreal.

Arsenal could only manage a goalless draw against the Spanish side which saw them crash out of the competition after losing the first leg away from home 2-1.

The Spaniard had been priced at 14/1 to be the next Premier League manager to leave, but market movement following the 0-0 draw with at the Emirates Stadium have seen his odds tumble to 15/2.

Former Juventus manager Massimiliano Allegri is favourite to take over
Also among the shorter odds is Leicester City manager Brendan Rodgers

Former Juventus manager Massimiliano Allegri and Brendan Rodgers are among favourites

And bookmakers are now pricing up potential replacement for Arteta in the Gunners hot-seat.