Paris Saint Germain's wait for their first Champions League continues after they were eliminated at the last 16 stage by Real Madrid last night.

The Parisiens' expensively assembled squad again came up short against a Spanish superpower as Los Blancos won both legs - with Tuesday's 2-1 victory coming after a 3-1 reverse in the Bernabeu on Valentine's Day.

That means that although they are set to regain their Ligue 1 title at a canter, manager Unai Emery's job is by no means secure as PSG search for that elusive European title.

In the event that Emery leaves the club, the Mirror report that under-fire managers Arsene Wenger and Antonio Conte would be in the frame to replace him.

The beleaguered Arsenal boss has been approached before about the job, but you get the impression being bankrolled by oil billions jars with Wenger's ideals of building a football team.

However, as the pressure increases at Arsenal, the opportunity to walk into an elite club with the buying power to compete with anyone in Europe must look increasingly appealing.

Conte would surely prefer a return to his native Italy and his demanding, aggressive but sometimes defensive style is not a perfect fit for a club that is looking to dominate Europe with attacking football.

Right now, PSG are a group of individuals masquerading as a team and what Conte did in his first season at Chelsea suggests that he could whip them into a cohesive, disciplined and organised unit.

The report also claims that Carlo Ancelotti is in the frame but it is fair to say that he would be among the names touted to replace either Wenger or Conte if they were lured away.