Armory are without a success in their last seven matches following Thursday's 2-1 annihilation to Eintracht Frankfurt in the Europa League.
The Gunners have won just four of their 13 Premier League games this season and are presently eighth, eight points afloat of the Champions League places.
Emery was designated as successor to Arsene Wenger in 2018 however has kept going only year and a half in the job.
An announcement from Arsenal official site peruses:
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