Paris Saint-Germain's owners have told sources that Arsene Wenger has agreed to leave Arsenal after winning eleven trophies in almost two decades with the Gunners.
According to the Daily Telegraph, the senior Qatari officials are extremely confident that they can lure the Frenchman back to his home country as PSG's new manager, with the incumbent Carlo Ancelotti expected to leave the Parc des Princes in June.
Their worst-case scenario is that Wenger will join when his current deal at Arsenal expires at the end of next season, though the Gunners' possible failure to reach the Champions League has convinced the PSG proprietors that he can be prised away earlier.
The club's multi-billionaire owners have spent heavily on their recent challenge for European success, with the signings of Zlatan Ibrahimovic, Javier Pastore and Ezequiel Lavezzi, as well as David Beckham on a short-term deal in the January transfer window.
PSG are nine points clear of main rivals Marseille in Ligue 1 with four games remaining and are set to win their first league title for 19 years this weekend. They also reached the quarter-finals of the Champions League, losing out to Barcelona on away goals.
However, Wenger's Arsenal side has failed to win a trophy since moving from Highbury to their new Emirates Stadium, with star players such as Samir Nasri, Cesc Fabregas and Robin van Persie having all left the club to find success elsewhere.
Wenger has previously been ambiguous about suggestions of a move, telling the French media: "I'm concentrating on the next game and then the next season. At the end of my contract I'll see what I can do. I've always respected my contracts."
Yet, this summer could become a transfer merry-go-round like no other, as Ancelotti is expected to come clear on his desire to join Real Madrid after sealing the French title - and Jose Mourinho will join Chelsea following his European results at the Bernabeu.
Paris Saint-Germain's owners will also be enthused by suggestions that Arsenal have identified Joachim Low, the long-standing Germany international boss, as their next manager, who would treble his present salary by moving to the Premier League.
Meanwhile, Bayern Munich's Jupp Heynckes is allegedly next in line to lead the highly talented German national team, with replacement Pep Guardiola's summer move to the Bundesliga setting off a monumental wave of managerial appointments.
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