The Frenchman has been out of the game since ending his 22-year spell as Gunners (opens in new tab) boss last summer.
But the Mirror (opens in new tab) reports that Wenger has decided against a return to club management and is ready to start work in a directorial capacity with world football's governing body.
Wenger’s appointment could be confirmed later this month.
However, the 69-year-old has dropped a big hint that he wants an international job ahead of the 2022 World Cup in Qatar.
“I could see myself working for a team," Wenger told beIN SPORTS (opens in new tab).
"I must say I always wanted to go to the World Cup because I felt it's the job of a manager to be where the best football players in the world play football.
"Hopefully you will see me, touch wood, in Qatar in three years' time."
QUIZ! Can you name the 50 players with the most Manchester United appearances under Alex Ferguson? (opens in new tab)
NO, REALLY Granit Xhaka is underrated – Arsenal just need to help him eradicate the errors (opens in new tab)
Thank you for reading 5 articles this month* Join now for unlimited access
Enjoy your first month for just £1 / $1 / €1
*Read 5 free articles per month without a subscription
Join now for unlimited access
Try first month for just £1 / $1 / €1
Alasdair Mackenzie is a freelance journalist based in Rome, and a FourFourTwo contributor since 2015. When not pulling on the FFT shirt, he can be found at Reuters, The Times and the i. An Italophile since growing up on a diet of Football Italia on Channel 4, he now counts himself among thousands of fans sharing a passion for Ross County and Lazio.
Get the best features, fun and footballing frolics straight to your inbox every week.
Thank you for signing up to Four Four Two. You will receive a verification email shortly.
There was a problem. Please refresh the page and try again.