Arsene Wenger has confirmed that he has no interest in accepting Monaco's stunning offer to leave Arsenal at the end of the season.
The Gunners were shaken on Saturday when it was revealed by The Sun that Monaco had offered to make Wenger the wealthiest manager in world football.
The Principality club offered Wenger £10m-a-season after tax; a figure that would make him the best paid manager in the world. Pep Guardiola is currently the highest earner, taking home £14.8m gross at Bayern Munich.
Monaco would be one of the few clubs Wenger may have been tempted to take charge of if he left Arsenal. Wenger managed Monaco in the 1980s and 1990s before moving to Japan to join Grampus Eight and he still has a strong connection to the club.
With Wenger still yet to sign a new contract at the Emirates Stadium, he would have been free to accept Monaco's offer but he has since confirmed that he won't be leaving north London summer.
Speaking to the BBC after beating Norwich City 2-0 on Sunday he said: "I wish Monaco well, but there is no interest there."
Wenger is expected to put pen to paper on a new two-year deal worth around £8m-a-season with Arsenal after their FA Cup final against Hull City.
Arsenal will end their nine-year trophy drought if they manage to beat Steve Bruce's side at Wembley Stadium this Saturday.
The go into the game on the back of five straight Premier League wins, helping the team to finish fourth and qualify for the Champions League play-off round next season.