Arsenal need to be "open-minded, brave and bold" in their search to replace Arsene Wenger as manager, says chief executive Ivan Gazidis.
The Frenchman will leave the club at the end of the season, bringing to an end his near 22-year reign as manager.
Former Chelsea boss Carlo Ancelotti has already declared an interest, while Celtic say they would allow Brendan Rodgers to talk to Arsenal.
"If they were interested, it would give me pleasure," said Ancelotti, 58.
"But at the moment that's it. My future depends on possibilities and projects that are presented to me, not just from me," added the former AC Milan, Real Madrid, Paris St-Germain and Bayern Munich coach.
BBC Sport understands that Ancelotti would be keen on recruiting former Italy international Andrea Pirlo as an assistant.
Wenger, 68, won three Premier League titles and seven FA Cups, including the Double in 1998 and 2002.
His former assistant Pat Rice believes the Frenchman will carry on in the game.
"He won't go out and retire because football is his life," Rice told BBC Radio 5 live.
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