Arsenal FC news: Carlo Ancelotti favours Arsenal job over return to Paris Saint-Germain

Carlo Ancelotti's first choice would be to take over at Arsenal this summer - despite interest from Paris Saint-Germain.

The Italian is currently out of work after being sacked by Bayern Munich back in September.

Unsurprisingly the 58-year-old has been linked with a number of posts since then.

Arsenal and Italy are both said to be keeping tabs on Ancelotti, while his old club Chelsea are reportedly monitoring him too.

More recently PSG have also been considering rehiring the Italian for a second stint in charge of the club.

But, according to Calciomercato, Ancelotti’s first choice would be to take over at Arsenal.

Current Gunners boss Arsene Wenger is under intense pressure at the Emirates and reports are emerging he could leave this summer.

And, if the Frenchman does call time on his stay in north London, then Ancelotti is ready to step into his shoes.