Reports in Spain suggest that manager Manuel Pellegrini is on the brink of the sack after Real Madrid were dumped out of the Champions League by Lyon.
Pellegrini was already under pressure; reports suggest he has lost the support of President Florentino Perez despite more than £200 million of summer investment.
La Liga leaders had tried to capture Arsene Wenger before appointing Pellegrini last summer and they are expected to renew their interest in the Frenchman if they do part ways with Pellegrini.
However, the Gunners' boss has told Real Madrid they would be wasting their time if they launch another attempt to lure him to the Bernabeu.
“Leave me alone, I am always going to stay to the end of my contract and I am going (to stay at Arsenal) until 2011; there is no way I am going to break it.”
Wenger also used the opportunity to take a swipe at Real for failing to qualify for the quarterfinals of the Champions League.
"It shows that £240 million does not necessarily buy you the Champions League and that in Europe, you have no guarantee of success.”
Well, Arsene Wenger’s made his intentions clear, he’s not going anywhere for now and with him out of the running, who should Real Madrid hire as a replacement for Pellegrini, if he is indeed about to be sacked?