Emery, who left his job at Paris Saint-Germain earlier this month, was in London on Monday for talks with the Gunners.
As the club look towards improving next season, having again failed to qualify for the Champions League, two possible transfer targets to emerge are Borussia Dortmund centre-back Sokratis Papastathopoulos and Freiburg defender Caglar Soyuncu. Available after leaving #PSG (1 Lg1 title, 4 cups), previously Sevilla (3 EL wins), not fluent English.
The reason Arteta rejected Arsenal
Starsport understand Unai Emery is expected to be announced as the new Arsenal manager later this week.
The 46-year-old Spaniard led the French Ligue 1 side to a domestic treble this season - but did not have his two-year contract extended and was replaced by Thomas Tuchel. "Arsène who?" did not turn out too badly.
Arteta had even agreed in principle to return to the club he represented between 2011 and 2016, but a late U-turn saw the club turn to Emery instead as Gazidis proved unable to gather unanimous support for the former midfielder.More news: Markets rise as Beijing and Washington avert trade war
Gooners, do you think Arteta would have succeeded at Arsenal?
"He was a leader, has good passion for the game, knows the club and knows what is important at the club", Wenger told BeIn Sports.
Emery will now step into the manager's job at the Emirates Stadium, where his reported budget is just £50million - quite the difference from the vast fortunes at his disposal at PSG.More news: 'A Lot' Of Gunfire Exchanged Between Texas Shooting Suspect & Police
Emery's own playing career was a modest one, largely in Spain's lower divisions after failing to make the grade at Real Sociedad.
There were three successive top-three finishes with Los Che before a short-lived, unsuccessful spell at Spartak Moscow.More news: Baltimore County police officer wounded in Perry Hall has died