It is a strange one imo if Arsenal give him the job.
Pep, at Barca, had at least managed the 2nd team.
Vieira has called them out for contacting him as a 'token gesture' & I'm wonderng if this is the same thing, before they appoint someone like Ancelotti.
Having said that, a young manager who is so glad to get a shot he will not demand huge transfer funds may be reasoning behind it.
I think the last part is important. They aren't going to attract a coach who's motivated by winning the league, everyone knows it's impossible for them in the near future. Realistically, even getting in the top 4 is incredibly unlikely with the teams ahead of them and the squad left behind.
With that future who are you going to attract? Someone who thinks 5th place is an achievement? Going for a Europa league? No great manager is going to take that, while also having to be the guy who succeeds Wenger.
So you go with either a second rate manager, or gamble on a young guy who might turn out to be a genius. Stan Kroenke also just had massive success appointing a 30 year old with no experience to be the head coach of the LA Rams, which was seen as an even bigger gamble and they were one of the big success stories of the season.