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Arsenal could face a difficult summer after failing to recruit either former Gunner Marc Overmars or Monchi to the Emirates.
This week Overmars opted to sign a new deal with longtime club Ajax, while hot target Monchi also snubbed a move to the Emirates in favour of a return to Sevilla.
The 50 year-old had been linked with a move to Arsenal as a potential replacement for Sven Mislintat, who left the Gunners as their head of recruitment in February.
It means the north Londoners are still looking for a technical director to join and are now unlikely to have a new appointment in place with a sufficient plan in time for the summer.
Unai Emery has already seen Ivan Gazidis (left) and Sven Mislintat leave the Arsenal hierarchy
Spaniard Monchi has thanked Arsenal for showing interest in him, but says he was ultimately convinced by the project set out by Sevilla president Jose Castro Carmona.
“I thank Arsenal for their interest,” said Monchi, who worked with Arsenal boss Unai Emery during their time together at Sevilla.
“It has been the club that has shown the most interest in me but, in the end, I evaluated all of the offers I had on the table and I chose the one that convinced me most.
“I had other options, and very important ones that were flashier, but I’ve chosen Sevilla because its sporting project convinced me.
“I want to thank everyone that contributed to my return to what I consider to be my home.”
