Mikel Arteta set to be named Arsenal manager in next 48 hours as Man City haggle over compensation fee

MIKEL ARTETA is set to be named as the new Arsenal manager within the next 48 hours - but Manchester City are yet to agree a compensation fee.

Gunners chiefs are finalising the paperwork for the City assistant boss to replace Unai Emery after strenuous talks with the Spaniard this week.

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Follow our ARSENAL LIVE BLOG as the Gunners hunt for Emery's replacement

But the Premier League champions are haggling over the fee Arsenal must pay them for Arteta.

The claim Emirates bosses are putting together a package in the region of £2million to nab Pep Guardiola’s No2.

Talks have not gone well, however, with City labelling Arsenal's attitude 'shambolic' and 'disrespectful', though they will not stand in Arteta’s way once compensation has been fully paid.

revealed City have been informed Arsenal want to unveil Arteta as their new manager on Friday.

And it comes after the Gunners postponed a routine press-conference scheduled for Thursday until Friday as they desperately work to get the deal over the line.

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But SunSport understands there will be no announcement until tomorrow at the earliest.

Arteta is said to have agreed a £5m-per-season deal to takeover in North London and Josh Kroenke, son of owner Stan, flew in from America to approve the move.

But the in-bound Emirates boss was in the dug-out at Oxford on Wednesday night for City's Carabao Cup quarter-final win, having also taken training with Guardiola this week.

Leading up to the midweek cup clash Etihad boss Guardiola confirmed Arteta was locked in negotiations with Arsenal.

But he gave a more restless response when asked what the latest development was for his departing assistant coach.

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Guardiola said: "This season he's [Arteta] been with us, we prepare the game as best as possible, before and during.

"I don't have any comment, there is no news. Yesterday I had 48 questions about Mikel, when there's news I will answer it but there's no news.

"I answer the questions, I don't answer any more."

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