The Spanish manager has failed at the Gunners.
Emery took over from Arsene Wenger in the summer of 2018 and was tasked with making Arsenal a Champions League club once again.
But if anything, Arsenal have gone backwards under his reign.
Many Arsenal fans wanted him out prior to their trip to Leicester on Saturday afternoon.
- Emery's 50 games compared to Wenger's last 50 games
- Leicester 2-0 Arsenal match report
- VAR controversy in Sheffield Utd vs Spurs
And calls for him to leave his post only intensified as they were beaten 2-0 by the Foxes.
The Gunners held their own in the first half but two second-half goals in seven minutes from Jamie Vardy and James Maddison meant Arsenal have now won just once from their last seven games.
Arsenal chiefs now have a decision to make.
Do they replace Emery and give them a chance to find a replacement over the international break?
According to El Chringuito journalist Kike Marin, that is what they are doing.
They've already identified one top target: Luis Enrique.
Marin reports that Raül Sanllehí has already made contact with the former Barcelona manager as he searches for Emery's successor.
GIVEMESPORT'S James Stroud says:
The majority of Arsenal fans will welcome this news. Gunners fans would probably take just about anyone over Emery right now.
But is Enrique the right man?
Despite being a big name, he hasn't exactly been that successful in his career.
Prior to being named Barcelona manager in 2014, Enrique did not enjoy great success with Roma or Celta.
He did win a number of trophies at Barca, including two La Liga's and one Champions League in his three year spell, but some world argue that he was carried by a devastating front three of Lionel Messi, Neymar and Luis Suarez.
Enrique has been without a job in football since resigning as Spain manager in June.
The 49-year-old's daughter sadly passed away from bone cancer back in August.
Whether Enrique is ready to return to football after such a tragedy is also unknown.
Other managers, including Brendan Rodgers, Max Allegri or even Jose Mourinho could be better options for Arsenal.News Now - Sport News