Unai Emery has been sacked as the Gunners boss.
The Spaniard leaves after the North Londoners lost 2-1 to Frankfurt in the Europa League on Thursday night.
That was the seventh game in a row without a win for Arsenal.
Wolves manager Nuno Espirito Santo is the hot favourite to replace him, along with former Gunners legends Mikel Arteta and Freddie Ljungberg
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