Arsenal have placed Mario Mandzukic, Julian Draxler and Jackson Martinez on their list of targets ahead of an unprecedented summer of spending, reports the Daily Telegraph.
The Gunners find themselves in the healthiest financial positions since moving to the Emirates Stadium in 2006 and are set to drive home that advantage by handing Arsene Wenger a £100m transfer budget.
New sponsorship deals with Emirates and Puma have added around £40m a season to Arsenal's income while financial fair play restrictions are set to restrict their big-spending rivals. It makes Arsenal more competitive in this summer's transfer window than at any time in the last decade.
Now Wenger is ready to dust off the chequebook after years of frugality and bid big for established world-class stars in a bid to establish themselves as Premier League title challengers.
Amongst the list of world-class stars being cited as potential signing are Bayern Munich's Mandzukic, Schalke's Draxler and Porto's Martinez, who would all add attacking flair to the Arsenal line-up.
It seems the emphasis in this summer's transfer market will be towards signing established attacking stars for Wenger, who has had to rely on Olivier Giroud for most of this season.
With Nicklas Bendtner set to leave this summer, two new strikers will be necessary for Arsenal with at least one established star from the list above set to join for a substantial fee.
The Gunners failed to sign Draxler, who Wenger believes can be converted into a striker, in the January transfer window but will return in the summer after being buoyed by reports that the young German is keen on a move to north London.