By Wayne Veysey

5th Jan, 2016 | 12:55pm

Manchester City and Arsenal on alert as Guardiola reveals he is heading to Premier League

By Tony Hughes

Pep Guardiola has admitted for the first time that he will be managing in the Premier League next season – and has “several offers” from English clubs.

But the Bayern Munich manager has claimed he does not yet have a formal agreement with any one club.

Manchester City are the strong favourites to appoint Guardiola as their new manager, while there is also interest in the 44-year-old Spaniard from Arsenal, Chelsea and, to a lesser extent, Manchester United.

Guardiola revealed last month that he would step down as Bayern boss when his contract with the German giants expires at the end of the season.

Now, the world’s most in-demand manager has given further insight into his future plans.

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“The reason I have not extended my contract is simple,” Guardiola said on Tuesday morning in his first Bayern press conference since announcing he was leaving the club. “I want to manage in the Premier League.

“I’ve very happy and grateful to Bayern for the trust they’ve shown me but I need a new challenge.

In demand: Pep Guardiola has been coveted by the Premier League’s elite clubs

“When I have a new club, the club will communicate that. At the moment, I can’t say anything else because nothing is fixed.

“I have several offers from England, concrete offers, but I haven’t signed anything yet.”

The Spaniard revealed that age and ambition were two of the principal factors in his decision to leave the Bundesliga.

“If I were 60 or 65, I would have stayed, but I think I am too young,” he explained. “I need a new challenge.”