The day after Arsene Wenger’s last game as Arsenal manager has seen a significant shift in the market in who will replace him at The Emirates – with former player Mikel Arteta emerging as the clear 6/4 favourite to become the next Gunners’ boss.

Ham & High: Former Arsenal midfielder Mikel Arteta has been priced as the bookies favourite to take over from Arsene Wenger according to Betway. Credit PAFormer Arsenal midfielder Mikel Arteta has been priced as the bookies favourite to take over from Arsene Wenger according to Betway. Credit PA (Image: PA Archive/PA Images)

Former favourite Massimiliano Allegri has drifted out to 5/2 following weekend comments suggesting he is likely to remain in Italy as Juventus boss.

Luis Enrique is another contender to have drifted, now out to 9/1 – while another ex-Arsenal midfielder, Patrick Vieira, is still lingering around halfway in the market at 14/1 but looking increasingly unlikely.

Ham & High: Manchester City manager Pep Guardiola (centre) with Mikel Arteta (left), Brian Kidd (right) and Domenec Torrent (second right) during the Carabao Cup Final at Wembley Stadium, London.Manchester City manager Pep Guardiola (centre) with Mikel Arteta (left), Brian Kidd (right) and Domenec Torrent (second right) during the Carabao Cup Final at Wembley Stadium, London. (Image: PA Wire/PA Images)

Pep Guardiola has also said that he will not stand in the way of Arteta becoming the next Gunners boss.

The 36-year-old former Arsenal midfielder started working with City after retiring from playing two years ago and was a key member of staff during their runaway title success this term.

Ham & High: Manchester City manager Pep Guardiola (right) with assistant coach Mikel Arteta (left) during the training session at the CFA, Manchester.Manchester City manager Pep Guardiola (right) with assistant coach Mikel Arteta (left) during the training session at the CFA, Manchester. (Image: PA Wire/PA Images)

Guardiola said on Sunday: “What we have done this season, Mikel his contribution was outstanding, amazing, we work together so good.”

“If he stays I will be the happiest guy in the world and if he decides to move because he has this offer, this option, I will not say you do not have to go. I want the best for my friends and he’s a friend of mine.

Ham & High: Arsenal reporter Layth Yousif interviewed Mikel Arteta at London Colney while the Manchester City coach was at the North London giants.Arsenal reporter Layth Yousif interviewed Mikel Arteta at London Colney while the Manchester City coach was at the North London giants. (Image: Archant)

Arteta is the seventh favourite that the market has had since the Frenchman announced his departure a few weeks ago.

Alan Alger from Betway said: “It’s looking increasingly likely that Mikel Arteta will leave Manchester City and return to the Emirates as the new Arsenal manager. “The betting market has told a very interesting story, one that suggests that Arsenal had much more high-profile names in the frame for the job, but as they fell by the wayside they have latched onto Arteta as a back-up plan.

Ham & High: Outgoing Arsenal manager Arsene Wenger says goodbye to the fans after the Premier League match at the John Smith's Stadium, Huddersfield.Outgoing Arsenal manager Arsene Wenger says goodbye to the fans after the Premier League match at the John Smith's Stadium, Huddersfield. (Image: PA Wire/PA Images)

“He may well become the first candidate in the market to go heavily odds-on by the end of this week”.

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