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Arsenal expect to appoint Mikel Arteta as their new manager by Friday evening.

Arteta has emerged as the frontrunner to permanently replace Unai Emery after the process was expediated due to Freddie Ljungberg’s interim struggles.

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The Times report that he is ‘expected to be unveiled’ within 48 hours as Arsenal prepare to face his former club, Everton.

They cite ‘sources’ who ‘expect him to be in charge’ at Goodison Park, with his appointment coming after ‘three separate meetings’ with Arsenal executives.

Arteta, not the Gunners, informed Manchester City of the talks while undertaking his requirements as assistant to Pep Guardiola, and a compensation fee has now been agreed between the two clubs.

The Spaniard will be given ‘limited funds’ to work with in his first senior coaching role, with the Arsenal hierarchy of the opinion that the current squad should simply be performing better.