The Frenchman achieved great success in his career with Arsenal, winning three Premier Leagues and seven FA Cups while with the team.
While he left his post last season and has been without a job since, his exit from the club could have been a lot different according to a close friend of his.
"Two clubs have always wanted him as a coach, and I attended a gym in Italy at the Real Madrid negotiations with him, but he decided to stay at Arsenal." Charles Villeneuve, a former president of PSG, told 'Paris United'.
The veteran manager has revealed that he is frustrated at not being in the game, and is looking to take the helm at a club at the start of 2019.