The new Arsenal manager will need a summer transfer budget of £250million to get the side fighting for a top-four place again.
That is according to club legend Ray Parlour, who has urged the Gunners board to back their new boss in the transfer market when Arsene Wenger leaves.
Arsenal are reportedly hoping to appoint their next manager before this summer’s World Cup, as 68-year-old Wenger prepares to leave the club after 22 years in charge.
Juventus chief Massimiliano Allegri (pictured above) is the new favourite for the Emirates Stadium hotseat, with the Italian set for talks over his future in Turin at the end of the season.