Arsenal “would consider” hiring Antonio Conte should the club sack Mikel Arteta according to relatively unreliable Italian sports outlet Tuttosport. Read that again, slowly. Think about what that sentence actually says and does not say.
It does not say that Arsenal are planning on firing Mikel Arteta. It does not even say that Arsenal are thinking about firing him. That particular rumor in Tuttosport (that everybody went a bit bonkers over this morning — if you can even call it a rumor) gives precisely zero insight into the club’s thoughts on Mikel’s job status. In fact, reports out of England are that Arteta has the support of the club, with the expectation that he provide results.
It does not say anything about whether Antonio Conte would be the first, second, or third choice if the thing (firing Arteta) that it provides no information about were to happen. It does not say whether Conte would be interested in the job should Arsenal hypothetically offer it to him after hypothetically firing Mikel Arteta.