Newly departed Arsenal Manager, Arsene Wenger, has given his backing to Mikel Arteta for the Gunners hotseat - according to Sky Sports.

The Frenchman signed the Spaniard as a player in 2011, and has given his support to the current Man City coach in regards to his chances of becoming the next manager at Arsenal.

Sky Sports has revealed that Arteta held talks about the manager role this week with the Gunners Board, and the transfer budget being widely reported is 50m.

This figure is likely to rile Gooners, who are fed up with the underfunding coming from Billionaire Stan Kroenke - but Wenger still thinks Arteta can do the job;

“He has all the qualities to do the job, yes and I think as well he is one of the favourites.”

Wenger, who also gave Arteta the captains armband in his time at the club, spoke of Arteta’s leadership qualities too;

“He was a leader, and he has a good passion for the game and he knows the club well, he knows what is important at the club and he was captain of the club. Why not?"

The lack of coaching experience is the main reason that Gooners are holding reservations about the former fan favourite taking over, but Wenger moved to allay those fears, highlighting the wealth of experience in the current coaching setup that can help Arteta fill in the gaps;

“"I left a lot of experience behind me, people who were with me like Steve Bould who has six years experience, and Jens Lehmann too.”

Arteta is still the overwhelming favourite for the role, and with his experience under Pep, he could well be the answer that Arsenal are looking for.