The Spaniard – who oversaw Barcelona’s rise before joining the German giants – is expected to leave the Allianz Arena at the end of next season when his contract expires, which is likely to coincide with the current Gunners chief’s retirement.
Wenger has been in charge of the Londoners since 1996 and at the age of 65 his time managing at the top level is nearing its end.
The Frenchman is expected to leave the game in a little over a year and a half, and Arsenal are desperate to ensure that they have a plan in place.
Guardiola is seen as the ideal man to fill Wenger’s position by Emirates Stadium chiefs, who have taken note of the issues at Manchester United following Sir Alex Ferguson’s exit.
The Red Devils are also being linked with Pep, while Manchester City are another side to have been aligned with the midfield star.