Arteta has spent over £100million on new recruits this summer, but they have found themselves outclassed so far this season, and The Telegraph claim that the Spaniard will be given until October to turn the tide around.
Arteta has been in charge since December 2019, but the Gunners have lost 20 games of the 60 played under the 39-year-old, and are yet to score a goal this season.
The report adds that Arsenal are sounding out potential managerial replacements, and one name they are highly considering is former Chelsea and Inter boss, Antonio Conte. The Italian led the Nerazzurri to the Serie A title after an 11-year wait, but departed the club in the summer due to their financial difficulties.
He was strongly tipped to take over at Tottenham before the north London club appointed former Wolves' boss, Nuno Espirito Santo.
Jamie Carragher slammed Arteta for his "naive plan" against Chelsea, and said: "There was a lot of criticism for the manager, when you have a set of bad results and people say he hasn’t got a clue, what was the plan.
"Mikel Arteta had a plan, we studied it this morning, it hasn’t worked, maybe it was a touch of naivety, but when you play against Chelsea, there’s a lot of talk about Lukaku but that’s not the only problem, it’s how you deal with their system. A centre-forward and two number 10’s, with wing-backs who play as wingers.
"Holding’s job was to look after Kai Havertz, Mari was in the middle with Lukaku and Mason Mount was deeper with Granit Xhaka. They almost went man to man, maybe a touch naive. There was a lot of talk that they should have played a back three, maybe they would have if Ben White was fit. A lot of the times, it was a back three, you see the initial idea of how they wanted to play.
"The plan was never to stop the ball coming into Lukaku, it’s how to stop it going into Havertz and Mount. It goes into the striker and you have the problem, Tierney has been dragged inside and we know the consequences."