Paris Saint-Germain's most senior figures have been telling members of their circle that Wenger has been persuaded to leave north London after 17 years in charge of Arsenal.
Their least optimistic scenario is that he will move to Paris in the summer of 2014 when his current deal at Arsenal expires. But PSG's owners have sounded adamant in recent days that they can tempt him to cross the channel 12 months early.
The club's proprietors, who have spent heavily on the likes of Zlatan Ibrahimovic, Javier Pastore and Ezequiel Lavezzi, and who signed David Beckham on a six-month deal in January, have told friends that Wenger is on his way to Paris.
PSG, the coming force in European football, lead Marseille by nine points in Ligue 1 with four games left and can seal their first league title since 1994 this weekend.
Ancelotti is understood to have told PSG president Nasser Al-Khelaifi last week that he would not be staying in Paris.
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Le Parisien has reported that Wenger will meet PSG owners next week, with Ancelotti likely to replace Jose Mourinho at Real Madrid.
Friction between Ancelotti and PSG sporting director Leonardo is believed to have encouraged the former Chelsea manager to seize his opportunity in Madrid.
PSG winning the title would allow Ancelotti to come clean about his plans once Mourinho has agreed his severance with Real Madrid. This sequence of events will present Wenger with the biggest dilemma of his career as he attempts to secure Arsenal's place in the Champions League for a 16th time.
Arsenal will hope any flirtation with PSG is a bargaining device by Wenger to increase his transfer budget this summer.
Stan Kroenke, the club's majority owner, is believed to have set aside £50 million for reinforcements after another disappointing season: Arsenal's eighth without a trophy.
- Telegraph
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