Arsenal are set to make final preparations to make Mikel Arteta the next Gunner’s boss.

The north London club has been in talks with the Spaniard all week and are making moves to secure his services after Manchester City’s Carabao Cup clash with Oxford United on Wednesday night.

According to goal.com, Arsenal will pay over £1 million to the former Gunner’s captain who spent five years in north London as a player between 2011 and 2016 – winning two FA Cups – before he retired and made the move into coaching with Guardiola.

Meanwhile, Manchester City boss, Pep Guardiola revealed on Tuesday that he was unsure whether the Spaniard will continue to be part of his coaching staff.

“He’s talking with Arsenal and I don’t know what will happen and when but Mikel is an incredible person,” said Guardiola.

“We were so smart to pick him up and now the others want him I’m not surprised.

“He’s a good manager, that’s why he’s done well with us. He’s an adult, he can make up his own mind about what he wants to do.

“I was aware of the meeting with on Sunday night. Mikel has been very honest with me all through this situation but for now he’s still a member of the City staff and part of our group.”

Arsenal hope to complete move for the 37- year-old Spaniard ahead of Saturday’s trip to Everton in the Premier League.

Arteta, who helped lead Manchester City’s training session as normal on Tuesday with Guardiola, will sign a contract as Arsenal boss till 2023.

If he does sign the contract, he will become the second youngest manager or head coach in Arsenal’s history, behind only Terry Neil, who was 34 when he took the job in 1976.