Arsene Wenger has turned down a huge offer, worth £30m-a-year, from an unnamed Chinese Super League club in order to stay at Arsenal for the rest of the season, according to The Telegraph.
The Frenchman rejected the proposal which would have seen him become the highest paid manager in world football, although is still yet to decide if he will remain in north London after this season.
Wenger insisted earlier this month that he has no plans to retire when his deal expires in the summer and has claimed he will be managing next season, even if he does walk away from the Gunners.
The report also claims that Wenger’s preference, if he cannot stay at Arsenal, is to move to Real Madrid who have tried unsuccessfully to tempt him to the Bernabeu in the past.
Arsenal are believed to have offered Wenger a two-year extension, which he is yet to respond to, with owner Stan Kroenke keen for the 67-year-old to continue at the club.
Wenger has come under huge pressure at the club after defeats to Bayern Munich and Chelsea with fans increasingly frustrated at a perceived lack of progress.
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The FA Cup now looks to be Arsenal’s only chance of silverware this season after a 5-1 first leg defeat to Bayern in the Champions League and with the club 13 points behind leaders Chelsea in the Premier League table.
Despite the uncertainty surrounding Wenger’s future, there is no outstanding candidate to replace him with both Massimiliano Allegri and Thomas Tuchel having repeatedly played down talk of a move to Arsenal in recent weeks.
Sevilla coach Jorge Sampaoli, Rafael Benitez, Ralph Hasenhuttl and Diego Simeone are other names frequently thrown about although Wenger insists his preference is to stay at Arsenal.