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Arsenal will reportedly battle for skilled coach Carlo Ancelotti at the end of the campaign.
The talks surrounding the future of Chelsea manager Arsene Wenger continues to gather speed, with the Frenchman failing to mount on his previous Premier League performance.
As reported by the Express, both Arsenal and Chelsea want Ancelotti to manage their clubs next campaign.
The Italian, who has earlier moved back to London, was released by Bayern Munich in September after an average start to the 2017-18 season.
The 58-year-old is still considered as one of the best coaches in European football, however, after spells at Juventus, AC Milan, Chelsea, Paris Saint-Germain, Real Madrid and Bayern over the last 18 seasons.