Pochettino was sacked as the Tottenham Hotspur manager in the penultimate week after five-and-a-half years at the club.
The Argentine tactician was given £12.5m in compensation for his dismissal and that has paved the way for serious links to other Premier League sides like Arsenal and Manchester United.
Mauricio Pochettino has always been linked with the Manchester United job, but the Arsenal links are new following his sacking from his managerial post at Tottenham Hotspur.
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The aforementioned report said that Mauricio Pochettino cannot take any other Premier League job this season.
The ex-Tottenham Hotspur boss will have to return the £12.5m payoff given to him before he can take charge of another team in the division.
Mauricio Pochettino was responsible for the amazing run to the Champions League final last season before Tottenham Hotspur were beaten 2-0 by Liverpool in the last game of the campaign.
He was sacked as the Spurs boss after a poor start to the season and his successor Jose Mourinho has led the club to three straight wins in all competitions including two league victories.