Arsene Wenger was shown the exit door recently after failing to secure Champions League football at Arsenal for the second consecutive season.
Mikel Arteta is the leading candidate to replace the legendary Frenchman despite having zero mangerial experience.
The retired Spanish midfielder has been working alongside Pep Guardiola at Manchester City for the past two seasons.
Arteta played 150 games for Arsenal under Wenger - and the outgoing manager supports the decision to appoint the 36-year-old
"He was a leader, has good passion for the game, knows the club and knows what is important at the club," Wenger said to beIN Sports.
"Overall he has the qualities but I don't want to influence that publicly."
"I believe it is important they make their choice in an objective way and after made that decision I will support him."
Arteta's transfer kitty confirmed
On Friday morning, BBC journalist David Ornstein claimed that Arsenal plan to have their new manager in place next week.
He also confirmed Arsenal's summer transfer budget - a measly £50m!
Understandably, the news did not go down terribly well with Arsenal supporters.
Arsenal finished sixth in the Premier League this season, 37 points behind Man City and 12 points behind fourth placed Liverpool.
Let's not forget that Arsenal actually made a profit in the transfer window last summer.
The new manager need to be backed but the owners are showing an incredible lack of ambition - Stan Kroenke has a lot to answer for.
With a £50m transfer kitty, it's no wonder they couldn't attract the likes of Luis Enrique and Massimiliano Allegri.
Arsenal will have to sell a number of squad players in order to boost their summer budget.
Meanwhile, their rivals are all expected to spend heavily - and Arsenal's chances of finishing in the top four next season seem slimmer than ever.
Czech goalkeeper Petr Cech believes the Gunners can challenge Man City for the title.
“Are we far away from mounting a title challenge next season? I don’t think so,” said Cech earlier this week.
“When you see our home form we are up there. The difference between us and the others were away games. We had a terrible run of results away from home and that is what cost us this season.
“It has been a disappointing season as we ended without a trophy. It has been disappointing because we are out of the top four.
“But I think the new manager, or new coach, will find a great setup with a very healthy club and a great support. The team didn’t perform as well as it should but the potential of this team is much bigger than we showed, especially in the away games this season.”
Will Arsenal be fighting for top spot or eight spot next season? Let us know what you think by leaving a comment below.
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