Arsenal are entering a crucial Premier League clash with Leicester City under an intense amount of pressure, with question marks floating around Unai Emery's future in North London.
The Gunners are winless in their last four matches across all competitions and have won just one of their last six, with the latest disappointment coming in the Europa League against Vitoria.
Emery's side struggled to create opportunities in the match but looked to have stolen a victory when Shkodran Mustafi headed home. However, a late equaliser threw a spanner into the works.
With Arsenal already six points behind the top-four and at risk of seeing that deficit extend to nine if they lost to Brendan Rodgers' side at the King Power Stadium, as they have done in the last two seasons.
As such, the bookies are speculating that there could be a managerial shuffle on the horizon and Ladbrokes have the Spaniard at 15/8 to leave before Christmas and 1/2 not to last the full season.
However, SkyBet believe that Southampton boss Ralph Hassenhuttl is more likely to be the next boss sacked, giving him a price of 2/1, ahead of Emery and Everton's Marco Silva at 5/2.
In terms of how the season could pan out, BetFair has Arsenal at 2/9 not to win a trophy this season and 5/2 to finish in the top-four, with Leicester now priced at evens to seal a return to Champions League football.
Should Arsenal fail to secure a top-four finish, victory in the Europa League would be the Gunners' route back into Europe's elite competition but they face a major challenge to lift the continental trophy.
However, Betfair has Arsenal and Manchester United as joint favourites to lift the Europa League at a price of 5/1, although those odds will certainly change when teams drop down from the Champions League.
