Follow the latest updates live as Arsenal confirm Mikel Arteta as their new manager, ahead of the club’s fixture against Everton this weekend.
Following the dismissal of Unai Emery last month and the decision that interim boss Freddie Ljungberg is not the right fit for the club, Arsenal have appointed their former club captain Arteta, who will watch Saturday's game from the stands at Goodison Park before taking charge of the game at Bournemouth on Boxing Day.
The club had planned to stage a press conference on Thursday, but that was cancelled ahead of today’s announcement. Follow live coverage of Arteta's first Arsenal press conference, which is set to begin at 5pm GMT:
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Sharing the full story, not just the headlines
Coaching staff will be announced in the coming days. It has to be said that Arteta looked composed and spoke impressively there.
Arteta however, when asked in his press conference, was not so certain on Ljungberg's role.
Meanwhile, Freddie Ljungberg confirms he will be staying at the club to work with Arteta:
More from Arteta: "The ambition of this football club is very clear. You have to fight for trophies and be in Europe. The rest is not good enough."
Arteta pays tribute to Arsene Wenger: “I wouldn’t be sitting here if he didn’t have the vision to give me this opportunity to enjoy this incredible football club.”
Arteta says he was close to getting the job in 2018 but "it wasn't the right time". He adds: “I will give every drop of blood for this football club to make it better.”
Arteta on his apprenticeship under Guardiola: "What I have learned mostly [from Pep]. You have to be ruthless and consistent. Every day is important, every act is important. The secret is that the people, players and staff have to believe what you are trying to deliver."
Arteta on changing the club's mentality: "The first thing is to change the energy. I was down after the game on Sunday, when I felt what was going on. I have to engage everybody. The players have to start accepting a different way of thinking."
"I have been outside this football club and you look at it and go 'wow'. It is massive."
“[When leaving as a player], I said to the people [at Arsenal] ‘I’m going outside [the club]. I’m going to get prepared and then hopefully I’m going to come back one day when I feel prepared and ready’.”
Mikel Arteta speaks: "It was always a dream for me [to come back]. I have so much respect for this football club. If I didn't feel ready or prepared for this I wouldn't be sitting here in this chair."
If you think Arteta can hit the ground running, Betfair are offering 13/8 on Arsenal to finish inside the top four next season, this season however they are a massive 14/1.
They are 7/4 to win a trophy next season - and a long shot of 5/1 to win one this season.
While Arteta is 11/4 to be the next City manager, whenever Pep Guardiola moves on.
Arteta will be speaking shortly from Arsenal's London Colney training base. Here's a reminder of our remain report on the big story of the day:
Here's the manager Arsenal will face this weekend, Duncan Ferguson, talking this afternoon as his caretaker spell looks like it will end on Saturday, just like Ljungberg's:
If it is to end tomorrow, then hopefully it will end on a high. The players have been incredible. I'm happy with the job I've done... I think we've got a little bit of the club back, back to the fans. We've all pulled together... (but) we're still in a perilous position. We've proved that we can beat top teams. We need to sustain that now... we need to continue it, push up the league and away from the relegation zone.
I don't want to really comment because I don't know who the next manager is going to be... but [Ancelotti is] incredible. He's won everything.
Mikel Arteta will speak to the press in 45 minutes at around 5pm GMT. He will inevitably be asked how he is going to bring together a divided squad with several high-profile players who are through to be unsettled at the club.
And here's his old boss Pep Guardiola. This is not ideal timing for City, halfway through a season which is not going according to plan, but there was little they could do to stand in Arteta's way.
Mikel has been an excellent coach for Manchester City. He has shown impressive dedication, hard work and knowledge of football during his time here and has been a real contributor to the club's achievements over the past years. We all wish him well in his new role; I am sure he is ready for it.
Unai Emery on Arteta's appointment:
He really is prepared to make that next jump. He has been at Arsenal before, he's been in the Premier League and he has been working with Pep Guardiola. I do believe this is a good decision and I would also like it to be a good decision.
Unai Emery responds to Mikel Arteta succeeding him as Arsenal boss
Latest from Manchester City...
Pep Guardiola refused to shed any light on Mikel Arteta's future at Manchester City, with the assistant coach set to be announced as Arsenal manager imminently.
When asked to provide an update after his side’s EFL Cup win over Oxford, the City boss said: “I don’t have any news. We prepared for the game as best as possible. Before, during and now after... I spoke yesterday, I don’t have to say anything more.”
Arsenal are in talks with the Spaniard about becoming the second manager of the Premier League club since Arsene Wenger stepped down after 22 years in May 2018. Arsenal, currently in 10th, fired Unai Emery almost three weeks ago.
Arteta, who played for Arsenal from 2011-16, has been assistant to Guardiola at City since leaving the north London club.
Latest from Arsenal...
The 1:30pm press conference scheduled for Thursday afternoon has been postponed until Friday, with the club freeing themselves up to get the Arteta deal over the line. Arsenal are in talks to finalise a compensation deal with City that is expected to be in the region of £1m, which would represented one of the more cheaper deals available on the managerial market.
Meanwhile, Arsene Wenger has advised his former captain to deal with his managerial inexperience by surrounding himself with supportive figures at Arsenal.
“Mikel Arteta has certainly a great future, he has learned a lot in his first experience, in his first position as an assistant coach,” said Wenger, now chief of global football development at Fifa. “He will have to deal with the fact he has no experience at that level, and he will have to get surrounded well and have a good environment at the club.”