The Frenchman has managed Arsenal for 20 years but hasn't won a Premier League title since the 'Invincibles' 2003/04 season.
Arsenal missed a huge opportunity to close the gap to this season's league leaders Chelsea who drew at Liverpool after suffering a shock defeat at home to Watford.
Ray Parlour believes this could be the year that Arsene Wenger steps down from Arsenal
And Parlour believes Wenger will likely end his tenure as Arsenal boss if they suffer another trophyless season.
“He would know if hasn’t done a good job this season, and I think he would walk," Parlour told talkSPORT.
The fomer midfielder also added that his old boss is likely to sever all ties with the club when he eventually leaves, rather than ‘move upstairs’ to become part of the Gunners hierarchy as many expect.
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Arsenal lost 2-1 to Watford last night
“He wouldn’t go upstairs, I think he’d go back to France and that’s it,” he said.
“I don’t think he’d be part of the board. I don’t think he’s the sort of man who would do that.”