Arsene Wenger is ready to cut his contract short and end his two-decade tenure at Arsenal, reports the Daily Mirror.
Sunday's 4-2 defeat at Nottingham Forest compounded Wenger's frustrations, with the Premier League already out of reach.
And former Gunners man Mikel Arteta could step into the breach, ending his spell as Pep Guardiola's Manchester City assistant.
Arsenal have been dealt a transfer set-back as Borussia Dortmund boss Max Eberl said defender Jannik Vestergaard will not be sold in January, the Daily Mail reports.