Arsenal could finally be splashing the cash that they have at their disposal this summer, as their pursuit for a holding midfielder looks set to end, with Bayern Munich midfielder Luiz Gustavo expected to arrive.

The Daily Mail have suggested that the Gunners are close to wrapping up a deal for the midfielder and are willing to pay around £14m for the 26-year-old.

Speaking after his side beat Manchester City in a pre-season friendly in Finland, Arsene Wenger admitted that it's about time his side spent big on players - and he was adamant that the side will buy new players before the window slams shut in a few weeks time.

So far, Wenger has failed in his hunt for a new striker as both Gonzalo Higuain and Stevan Jovetic chose moves to other clubs, and their fierce pursuit of Luis Suarez could be failing as well with Liverpool determined to reject every bid that comes their way for the Uruguayan.

The disappointment in the transfer market has seen Arsenal only able to sign Auxerre striker Yaya Sanogo on a free transfer, but it looks like Gustavo could be on his way to the Emirates.

When asked about the possible transfer of the Brazilian, Wenger gave a short answer and said: "It's as you say."

Then asked whether the deal is in place, Wenger responded with: "There is nothing concrete yet."

Then came the news all Arsenal fans wanted to hear as the Frenchman admitted that signings are needed.

"We hope to play 55 games this season. We are a little bit thin squad-wise," he said. "But I am an optimist. This is the first time for many years that we have kept all our important players at the club."


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