Former Arsenal star Ray Parlour believes Gary Cahill would be a top class signing for the Gunners, but says that Arsene Wenger is on the look out for a cheaper option as the summer transfer period hits full throttle.
Cahill has fielded interest from Manchester United and Liverpool, but Arsenal could be favourites to secure the star, as the London club look to build on the squad that came close to winning the title this season.
"I've always said Gary Cahill would be a perfect signing for Arsenal," Parlour said.
"It depends on how much money he is though. Arsene Wenger's always been of the policy that he can get a similar sort of player, who does a similar sort of job, for £5million cheaper.
"So it's going to be interesting."
While Wenger has always been frugal in his transfer policy with Arsenal, he may have run out of time to build young talent, with the side going a sixth season without a trophy.
Parlour also stressed the importance of keeping Cesc Fabregas and Samir Nasri at Arsenal next season, with the two players instrumental in the Gunners’ push for prizes this season.
"That would be a disaster [if they left]," Parlour said.
"Samir Nasri was one of the best players last year at Arsenal. I think he's really stepped up and he's got used to the Premier League.
"He's got tougher as a player and I thought he was excellent last season.
"To lose both, if they both go, would be a disaster for Arsenal, it really would. Then suddenly there's big work to be done from the manager and the back-room staff.
"I'm hoping Samir Nasri looks at Arsene Wenger, who's really brought his career on and says: 'I really like working with the manager, I want to stay another year, two years or three years'.
"Arsenal's a great club, there's no doubting that. You've seen the likes of Dennis Bergkamp stay for 11 years, Patrick Vieira was there nine years.
"It's a special club and I'm hoping he can see that and stay for a long period of time."
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