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AC Milan are reportedly set to hire former Arsenal manager Arsene Wenger as their new boss, replacing the under-pressure Gennaro Gattuso, according to Si.com reports.

While backing Wenger to make an imminent return to the dugout, Flamini is hoping that he will soon be back in football himself, with the 34-year-old now a free agent after departing Spanish side Getafe.

The two business men are Arsenal fans, and certain sources are even claiming that Wenger's arrival is a done deal.

"I believe I will start again on 1 January", Wenger recently told SportBILD.

"I'll be somewhere early next year but I do not know where, I got a good rest". That's wrong as well.

But the 69-year-old Frenchman, who has been out of work since leaving Arsenal in the summer, quashed suggestions he has already rebuffed the advances of the La Liga giants.

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As per Goal.com, he has suggested that he plans to return to management in 2019, and it appears as though a possible destination is emerging.

Since his departure from Arsenal, a host of European clubs are said to have approached him, with Bayern Munich and Real Madrid considering hiring a new manager.

In the same interview, Wenger also stated that he does not yet know whether he will return to club football or turn his hand to coaching a national team.

Wenger rejected the chance to retire from coaching when he left Arsenal, and instead has been enjoying a short hiatus from football.

Wenger has won three Premier Leagues and seven FA Cups as well as the French title in 1998.