After nearly 22 years in charge of the Gunners, the Frenchman has announced that the time is right for him to leave the Emirates Stadium.
Arsene Wenger has announced that he will stand down as Arsenal manager at the end of the season.
The 68-year-old took charge of the club in 1996 and has guided them to three Premier League titles and seven FA Cups, although in recent years his record has come under scrutiny.
Pressure mounted on the former Nancy, Monaco and Nagoya Grampus Eight boss when he failed to lead Arsenal into the Champions League for the first time since 1996-97 last summer, and with the Gunners struggling to reach the Premier League top four once more, he has decided to call it quits.
Meanwhile, majority shareholder Stan Kroenke expressed his thanks to the Frenchman for his service to the north London side.
Although the Gunners are out of contention for the top four, they can still reach the Champions League if they win the Europa League. However, they will have to overcome favourites Atletico Madrid in the semi-finals, and should they win that either Marseille or Red Bull Salzburg lie in wait.
Arsenal, meanwhile, have indicated that they are currently working on finding a new manager and "will make an appointment as soon as possible".