Rangnick is regarded as one of the most respected coaching talents in Germany and is currently employed as sporting director at Bundesliga club RB Leipzig.
Some of Europe's top managerial talents, including Liverpool boss Jurgen Klopp and former Borussia Dortmund head coach Thomas Tuchel, have hailed Rangnick as key influence on their tactical and management styles.
Former Barcelona manager Luis Enrique is favourite with the bookmakers to replace Wenger, with other leading candidates including former Arsenal captains Patrick Vieira and Mikel Arteta.
Rangnick, who built the footballing philosophies at Red Bull clubs in Leipzig, Salzburg and New York, is on Arsenal's shortlist as they look for the man to return them to the top table of European competition.
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