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Reports in France had suggested this week that the former Arsenal boss was in negotiations with the Serie A club to replace current manager Gennaro Gattuso.

Reports from Italy claimed Wenger was in advanced talks with Milan, and poised to end his short hiatus from football.

Wenger ended his 22-year association with the Gunners back in May, leaving the Emirates as the most successful and long-serving manager in the North London club's history.

"I regret every mistake I made", Wenger told beIN Sport.

"I cannot master the rumours and I can only master what I do in my life".

In an interview with Sky Sports, Arsene Wenger has expressed his desire to return to coaching.

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Der Spiegel cited Man City documents in which officials wrote: "Without significant additional revenues". And we want to do what we have to do in terms of the rules.

" If I signed somewhere I would tell you but that is wrong news".

Taking into account the fact that the former Arsenal CEO Ivan Gazidis announced in September of this year that he had agreed to take up a role with AC Milan in December, they seem even less so.

'I'm at the moment just focused on doing well for beIN Sports and that's not easy'.

Wenger had previously indicated that he would be taking time off from coaching until the beginning of next year.

The 69-year-old earned legend status at Arsenal, transforming the English side into regular title challengers, lifting the Premier League trophy three times at the club.