The former Arsenal captain, who made 406 appearances for the Gunners during a nine-year spell in north London, has been touted as a possible successor to Arsene Wenger, who stepped down from his role at the end of the season after 22 years in charge.
That leaves Arteta in the clear as it has seemed for some time that Arsenal wanted a younger coach with fresh ideas to reinvigorate their squad after a disappointing past two seasons under Wenger.
GETTYArsene Wenger wishes he could have signed Cristiano Ronaldo
The Sun says Gazidis has been pushing for Arteta since Wenger announced he was stepping down last month. That's no mean feat given the tactical nous needed to not only understand but help players understand what Pep wants.
Barcelona was also negotiating with Barcelona ex-coach Luis Enrique.
Carzorla, who has is out of contract in the summer, hasn't kicked a ball in anger since a 3-2 win over Swansea City in October 2016 due to injury but it appears Arteta is keen on keeping his former teammate at Arsenal.
Club legend Patrick Vieira was still hoping he could land the role but Arteta is seemingly the preferred candidate and is now odds-on to land the job, and has been back into 1/2 with Coral.