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Arsenal offer contract to elite manager after getting green light from Arsene Wenger to replace him this summer

Arsenal have offered a €10million-a-year contract to former Chelsea boss Carlo Ancelotti after being given the green light by Arsene Wenger to appoint him as his replacement.

The Gunners look set to hire their new manager in the summer, with Corriere dello Sport claiming Ancelotti is in line to replace Wenger as he finally decides to step down.

Sport Witness translate the report from Italy, stating Ancelotti has been offered a four-year contract by Arsenal, who want him to take over for next season.

The Italian tactician has been out of work since his sacking by Bayern Munich earlier this season, and has been linked with Arsenal on a number of occasions since.

Carlo Ancelotti

Carlo Ancelotti has been linked with the Arsenal manager’s job

MORE: Arsenal rumours

Speculation has been fuelled by the fact that Ancelotti is moving to London, where he enjoyed his time as manager of Chelsea between 2009 and 2011.

The 58-year-old was a big hit in west London, winning the Premier League and FA Cup double in his first year in charge before being harshly dismissed at the end of his second.

Ancelotti has gone on to enjoy success elsewhere, winning league titles with Paris Saint-Germain and Bayern Munich and the Champions League with Real Madrid.

He was also a two-time European champion during his time in charge of AC Milan, and seems the best available option to succeed Wenger right now.

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