Manchester City have confirmed that midfielder, Fernandinho will miss Thursday's Premier League clash against Arsenal after failing to recover from a hamstring strain he picked up against the Gunners in the Carabao Cup final at the weekend.
No one knows if Wenger plans to quit if Arsenal finishes the season without a trophy and a Champions League spot.
The defeat to City was the latest blow in what is developing into a hard season for Arsenal, who exited the FA Cup at the hands of Nottingham Forest and survived a scare in the Europa League when they lost at home to Ostersunds in the second leg of the last 32. The temperamental coach is known for him impressively hard training methods and could be one of the best choices for Arsenal due to his defensive orientation.
He is an outside favourite to land the job but the lack of Champions League football could prove to be too big of an obstacle together with the fact he is tied to AS Monaco until 2020.
"City are a good team and deserved to win yesterday".
Wenger is also hampered by the ineligibility of Pierre-Emerick Aubameyang, the new signing from Borussia Dortmund who is cup-tied. Carlo Ancelotti would bring a wealth of global experience to the Emirates along with an impressive track record in European competitions.
The 32-year-old defender has been one of Arsenal's better performers this season before a back injury forced him off less than half-an-hour into Sunday's final.
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They last won the competition in the 2004-05 season. "We hit the bar and had another shot that their keeper saved". They did it to Manchester City here and scored four goals and pounced on mistakes.
However, even that will be a major challenge, with teams such as AC Milan, RB Leipzig, Borussia Dortmund and Atletico Madrid still in the competition. Arsenal, after all, just lost to unheralded Swedish team Ostersund in the second leg of its last-32 match. That might have been a false dawn.
Arsenal are now in sixth place, 27 points behind the Sky Blues at the summit of the league.
None were more aggressive in their criticism than Gary Neville, who labelled some of the players as an "absolute disgrace" and "spineless".
Former Arsenal striker Thierry Henry said the manner of Arsenal's capitulation at Wembley was shocking.
"The resignation you could feel in the players at 2-0, you felt they couldn't believe they could get back into it, and for a final that is pretty hard to watch".
"They've had this problem for a long period of time but it still hasn't been sorted out".