ARSENE WENGER has agreed to help build the structure to replace himself as a trade-off for being given two more years in which to go out on a high with Arsenal.
Nothing is likely to be finalised this week although the board recognises how destabilising the current uncertainty is.
“It is a false rumour,” Wenger told beIN SPORTS. “That is what you call fake news.
“I formally deny it. It is not true.”
Wenger has since left the UK to return to his native France for a short break, with the majority of Arsenal’s players currently on international duty.
Hector Bellerin, who signed a new deal worth around £100,000 a week last year, has pledged his loyalty to Arsenal and Wenger despite admitting he is “flattered” by interest from Barcelona.
“Any player would be flattered by interest from Barca, it’s the best club in the world and that is very nice.
“The fact that I grew up in the Barca academy also makes this a bit more special, although for now I’m focused on these games and on the season and the rest will come later.”