Manchester United reportedly wanted Arsenal manager Arsene Wenger to replace Sir Alex Ferguson, according to the Daily Star.
The former United boss first considered retirement back in 2002 and the Red Devils approached Wenger, but the Frenchman reportedly rebuffed their advances.
Wenger, who recently opened the door to one day taking charge of England, has previously revealed he turned down three offers from Ligue 1 giants Paris Saint-Germain.
Arsenal winger Alex Iwobi has revealed Barcelona forward Neymar would be the ultimate signing at the Emirates Stadium.
When asked which player he would want to see at Arsenal by website Copa90, other than Lionel Messi or Cristiano Ronaldo, Iwobi said: "Neymar, he's entertaining.
"But then again, if we bring in Neymar, that's my position gone!"
Arsenal midfielder Santi Cazorla has confirmed he is yet to open talks with the club over a new contract despite having entered the final year of his current deal.
Five things you need to know about Neymar Jr
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Santi Cazorla says he's yet to open talks over a new contract
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“No, I don’t have any news from the club [regarding a new contract]," the 31-year-old told the Spanish radio station Cadena Ser.
"My focus now is on playing and to be able to enjoy playing football following a season when I had lots of [injury] problems.
“I hope I can stay here and continue to play. I am happy here. What a player wants is to play and to feel important.
"Fortunately, since I arrived at Arsenal, I’ve had the confidence of the coach and of my team."