It was reported today that Arsene Wenger is ready to return to football with him expected to be in a new job by the New Year.
Reacting to the news, bookmakers have priced up Real Madrid (7/2) as favourites with current manager Julen Lopetegui under increasing pressure.
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After spending 21 years at Arsenal, the Frenchman left Arsenal at the end of last season and wanted to spend time deciding if he wanted to remain in management or retire.
Bookies have priced up World Cup winners France (11/2) as joint second favourites with French giants PSG (11/2)
Alex Apati of Ladbrokes said: "Wenger reckons he'll be in a new job by the turn of the year and the odds suggest it's Madrid who'll benefit from the Frenchman's wealth of experience."
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Latest Betting:
7/2 - Real Madrid
11/2 - France
11/2 - PSG
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11/2 - Any Chinese Club
11/2 - AC Milan
11/2 - Monaco
10/1 - Any MLS Club
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16/1 - England