The Spaniard looks destined for Manchester City, with leading bookmakers pricing him as short as 1/4 ON to head to the Etihad for his next job.
Guardiola is close with City sporting director Txiki Begiristain and chief executive Ferran Sorian, who he knows well from his time at Barcelona.
According to reports, Guardiola has spoken with both Manchester clubs over becoming their next boss.
It is claimed United could still beat City to the former Barcelona coach but have to act quickly - although he has already rejected Chelsea.
A source told The Sun: "His representatives have received formal calls from City and United. And they have said no to Chelsea, who also called, and turned down Milan and Paris Saint-Germain.
"Right now, it is true City are very close and his most likely destination.
"All the options are on the table and no definitive decision has been made.
"And yes, though it's unlikely at this stage, even Arsenal are an option. But they've not made a formal call, though they have inquired about Pep’s situation."
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