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The Gunners still have the faintest hope of salvaging something from this season, with a top four place still mathematically possible heading into the final day of the Premier League season, though the situation is out of their hands.
Arsenal can also win the FA Cup but will be major underdogs against champions Chelsea, so face the prospect of yet another season without silverware as well as missing out on the Champions League qualification for the first time since the 1996/97 season.
Kroenke is apparently keen for Wenger to stay, but he will look to resolve a number of key issues with the Frenchman ahead of a final decision over his future, according to football.london.
Recent reports suggested Wenger had agreed a two-year deal to stay on at the Emirates Stadium, but there has been no official word and his current contract is due to expire at the end of the campaign.
With Arsenal falling behind their rivals, Kroenke may join chief executive Ivan Gazidis in pushing for Wenger to work under a director of football, with former Gunners star Marc Overmars a potential candidate, though Wenger himself has rubbished the idea.
It remains to be seen if an agreement can be reached, but Kroenke will reportedly look to ease tensions in the club’s boardroom, as well as pushing for improvement in the transfer market this summer.
The futures of Alexis Sanchez and Mesut Ozil will also be on the agenda, with both key players heading into the final year of their contracts in north London.
Despite a recent improvement in Arsenal’s results, the club’s fans have staged a number of protests against both the manager and the likes of Kroenke and Gazidis for their handling of the side in recent years.