Arsenal are ready to spend up to £80million on new faces in the coming days, according to the Telegraph.
The Gunners will finally flex their financial muscle before the end of the transfer window, and are eyeing players such as Madrid duo Angel di Maria and Karim Benzema, as well as making an improved bid for Newcastle midfielder Yohan Cabaye.
Benzema has emerged as Arsene Wenger's primary target in recent days, with the club reportedly willing to pay £40million for his services. The Arsenal manager is of the opinion that his squad require a 'world-class' forward, and has turned to the Frenchman for an answer.
Di Maria is also being heavily linked with a move away from the Bernabeu, with the seemingly imminent arrival of Gareth Bale putting his starting position in jeopardy. The Argentine winger would also cost in excess of £20million, but his arrival would go someway to silencing critics of Wenger's transfer credentials.
The Gunners are being repeatedly linked with Valencia’s goalkeeper Vicente Guaita. An initial bid of £6 million was refused, but Arsenal are expected to remain persistent as they look to provide competition for Szczesny.
On top of these transfers, Micah Richards and Swansea's Ashley Williams are also being monitored by Arsenal, as defensive security is something they will undoubtedly look to address following the home defeat to Aston Villa.
Meanwhile, Lukas Podolski's future at the Emirates is looking increasingly less secure. The German international has been the subject of speculation linking him with a loan-move to Schalke, amongst inquiries from other clubs.