Arsenal have not yet made any final decisions - and chief executive Ivan Gazidis is committed to a proper recruitment process - but Luis Enrique was reportedly on £16.5 million-a-year at Barcelona, almost double what Wenger is currently paid.
Enrique might be prepared to accept a lower salary,
but his likely wage expectations have already put off Chelsea and Arsenal are also considering other options.
Former captains Mikel Arteta and Patrick Vieira, Monaco manager Leonardo Jardim, Juventus boss Max Allegri and Hoffenheim manager Julian Nagelsmann are also on Arsenal’s shortlist.
Jurgen Klopp’s former Liverpool assistant Zeljko Buvac has been reported in Bosnia to be under consideration by Arsenal and could be an option as part of what will be a new coaching set-up, but he has not managed since 2001.