So far this summer Arsenal have only managed to secure the signing of French youngster Yaya Sanogo on a free transfer from French side Auxerre and time is running out for Arsene Wenger to add to his squad.
Below are a number of signings that are realistic for Arsenal and could help the north London club end their trophy drought...
Michu | Swansea
A Spanish footballer who currently plays for Swansea City and has set the Premier League a light with 18 goals in 36 appearances for the Swans.
It has been rumoured in many newspapers across the past few days that the forward could be available to Arsenal for £25m. The Spaniard would be a perfect strike partner for French forward Olivier Giroud with his creativity and eye for goal.
Yohan Cabaye | Newcastle
A French international footballer who plays for English club Newcastle United in the Premier League. He plays as a box-to-box midfielder and is described as a player who possesses "excellent vision, great ball control", and "provides technical quality" according to his manager Alan Pardew.
Arsenal have recently had a bid in the region of £10.2m rejected for the Frenchman and Arsene and Arsenal will need to up their bid if they want to bring the 27-year-old to the Emirates.
Ashley Williams | Swansea
He's a defender who also plays for Welsh Premier League side Swansea City and represents Wales at international level. He is also currently captain of both teams which could help Arsenal at the back after conceding three at home to Aston Villa last weekend.
The defender will cost in the region of £10m but it is possible that Arsenal will make a double swoop offer for both Williams and Michu for £35m, at least according to reports from The Independent.
These three signings will help bolster the spine of the team and none are out of Arsenal's price range. All would also surely relish the chance to play Champions League football for such a well supported and historic club.
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