Paul Merson is unconvinced Arsenal can attract a top manager to take over from Unai Emery as the club is in such dire straights.
Emery was sacked following defeat by Eintracht Frankfurt in the Europa League, with his assistant Freddie Ljungberg being installed as interim boss.
Arsenal have picked up just one point in two matches under the Swede, and are without a win in their past nine games.
The Gunners board is keen to hire a new manager soon to turn the sinking ship around, but Merson isn't convinced his former club are going to be able to hire a top boss.
In fact, even if they could install Manchester City's Pep Guardiola and Liverpool's Jurgen Klopp together, he doubts they could even turn things around at the Emirates.
Discussing the possibility of Arsenal hiring three potential managers, Merson told Sky Sports: "Deep down, would Patrick [Vieira] come?
"Patrick is a legend. He has only managed [Nice] in France, who are not doing great, and you're asking him to come in and turn this around.
"I'd struggle to see Pep Guardiola come in with Klopp, as a one and two, and turn this around. I don't see where it can happen. This is one of the worst jobs in the game at the moment."
On whether Massimiliano Allegri would sign on the dotted line, he added: "Why would he? They aren't winning anything are they?
"Allegri has managed at Juventus, he's won the league and nearly won the Champions League – what are you doing at Arsenal?"
Arsenal had been linked with Leicester City boss Brendan Rodgers, but the Northern Irishman recently penned a new deal at the King Power stadium, ruling out a move to London.
Merson said: "I was very bullish the other day and I kicked up a stink when people said 'why would you leave Leicester City?' I went mad.
"But after the weekend and the midweek games, I'm sat there now and thinking 'why would you go to Arsenal?' What can you do?
"Freddie Ljungberg can't be that bad but he looks lost. He looks like he's sat there thinking 'I've done all these badges, I'm working with the youngsters and I'm watching these who are internationals.
"He must be sat there thinking 'if this is what management's about, what chance have I got?'"
