Wolverhampton Wanderers manager Nuno Espirito Santo has been lined up as replacement for underfire Arsenal boss Unai Emery by the bookies.
The north Londoners are currently eighth on the Premier League table with 18 points after 13 league matches so far this campaign.
SunSport, however, reports that the Gunners are hoping to turn their fortunes around after holding crisis talks with the manager.
The Emirates Stadium outfit fought their way back into salvaging a point for themselves in their 2-2 draw against Southampton last weekend.
Meanwhile, some quarters of the club supporters now want the Spaniard gone barely two seasons after joining the club.
The Gunners head of football Raul Sanllehi and technical director Edu are reportedly putting up a number of list of managers who could take up the top job.
Wolves boss Santo tops the chart coaches who is favourite to take up the job following his success with their Premier League rivals.
The Portuguese promoted his side in 2018 and took the club to seventh spot in his first season in the top flight.
At the moment, they are ranked fifth on the table while doing well their Europa League campaign, while Man City assistant boss Mikel Arteta is also a potential replacement for Emery.
Former Juventus manager Massimiliano Allegri currently has 5/1 odds to get the job, while Rafa Benitez is 6/1 to make a swift return to the Premier League with Bournemouth manager Eddie Howe also in the running.
Mauricio Pochettino to the Emirates after leaving fierce rivals Tottenham can back him at 8/1 and Atletico Madrid boss Diego Simeone (20/1) and Niko Kovac (20/1) after he was recently sacked by Bayern Munich.
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