Mikel Arteta: Arsenal appoint ex-midfielder as manager

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"This is a huge honour", Arteta told Arsenal's website.

Arteta was in running for the job following Arsene Wenger's departure, but Arsenal went for Emery instead.

Ljungberg was set to face the media ahead of Saturday's trip to Everton - by which time Arsenal hope to have former club captain Arteta in place.

Head of football Raul Sanllehi said the club had interviewed other candidates before opting to pursue Arteta - his appointment took longer to announce due to finalising compensation to City reported to be £2 million.

The Gunners parted company with Unai Emery in November after a poor run of results saw them slip well behind in the race for a top-four spot, as well as crash out of the Carabao Cup.

"We all know there is a lot of work to be done to achieve that but I am confident we'll do it", Arteta, 37, from Spain said.

"We're delighted to be bringing Mikel back to Arsenal", Kroenke said.

The Arsenal head of football, Raul Sanllehi, who headed up the recruitment panel that settled upon Arteta as Emery's successor, struck a similar tone.

"I also want to thank Freddie Ljungberg for skilfully guiding us through the last three weeks". "We met several top-class candidates and Mikel stood out to every single one of us as the ideal person for us", he said. Together with Per Mertesacker, he has done a vital job for us in hard circumstances.

It is understood there is a broad agreement in place between the two clubs, with City looking to recoup £2m for their assistant manager.

Arsenal are seven points adrift of fourth-placed Chelsea and the same number clear of the relegation zone following Sunday's 3-0 home defeat to Arteta's current club.

According to The Athletic, City have no plans to appoint a new assistant before the end of the season, and so Borrell will at least temporarily fill the job that Arteta is vacating.

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