Patrick Vieira has been left "upset" by Arsenal after speaking with the club about their vacant manager's role.
Vieira, captain on Wenger's iconic Invincibles side, was mooted as an early contender but reports on Tuesday claimed the New York City FC manager felt disappointed, under the impression he had been considered an afterthought by the Arsenal board.
Arsenal are reportedly planning to accelerate their appointment of Mikel Arteta as Arsene Wenger's successor after seeing a number of other candidates drop out.
And, according to The Independent, Arteta is now the favourite to be named the new Arsenal boss after "productive talks" with his former club.
The former midfielder is now the head coach at New York City FC and he has been tipped for a big future in management.
The Spaniard and his representatives, on Tuesday, held advanced negotiations with Arsenal's hierarchy and are at a stage where backroom staff and financial packages are being discussed.
It has been mooted that Santi Cazorla could be offered a new player-coaching deal, with a role like Michael Carrick's in his last playing season at Manchester United.
The Daily Telegraph says that whoever the new manager is he will have no say in the acquisition of Freiburg defender Caglar Soyuncu, identified by the club's head of recruitment Sven Mislintat as a priority buy this summer.
Vieira fears he will be overlooked and that his chance to return to Arsenal in a management position has gone.
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