The former skipper has gone from 9/4 to as short as 1/4 to become next Arsenal manager.
Mikel Arteta now looks destined to be the man to replace Arsene Wenger as his odds have crashed dramatically in the last 24 hours.
The ex-Arsenal captain is now as short as 1/4 to be in charge at the Emirates next season after being available at 9/4 last night. Odds of 1/2 are still on offer but with just a few bookmakers.
Through Oddschecker today the money coming in on the 36-year-old has been relentless. He accounts for 74.1% of all bets today and a total of 93.4% of all stakes.
His closest rival in the market is now Allegri at 8/1, who has already distanced himself from the job after stating if Juventus do not sack him, he will be there next season.
The big move on Julian Nagelsmann has reversed and the Hoffenheim boss is now back out at 20/1 after going as short as 5/1 yesterday.
Brendan Rodgers, Luis Enrique and Patrick Vieira are three other names who have been heavily linked with the job but are all double figure prices at 12/1, 33/1 and 33/1 respectively.
Oddschecker spokesman, George Elek 'Mikel Arteta clearly impressed the Arsenal hierarchy with his leadership during his time at the Emirates.
It would be a bold appointment from the Gunners as he is unproven but saying that, he has been given ringing endorsements from the likes of Pep Guardiola and Mauricio Pochettino.'
