Check out all the latest Arsenal news and transfer gossip from today.
Arsene Wenger is hoping to follow up the signing of Chilean winger Alexis Sanchez by bringing the former Barcelona winger's international team-mate Eduardo Vargas to the Emirates Stadium. (talkSPORT)
The Napoli striker is the latest player to emerge on Arsenal's radar, as the Gunners boss looks to pull together a squad capable of challenging for the Premier League title this season.
Vargas has been left out of Napoli's squad for their upcoming Champions League qualifier, meaning that the 24-year-old wouldn't be cup-tied if he were to move to north London.
However, Arsenal will face competition for his signature from La Liga outfit Valencia - the club where Vargas spent six months on loan last season, scoring five goal in 25 appearances.
Arsenal transfer gossip:
Stephane Mbia has emerged as a surprise summer transfer target for Arsenal, with reports suggesting that the Gunners are considering a move for the former Queens Park Rangers midfielder. (Daily Star)
Arsene Wenger is pondering a swoop for Mbia, who - as a free agent - would appear to represent a significant cheaper midfield alternative to the likes of World Cup winner Sami Khedira, Brazilian Luiz Gusatavo or Southampton's Morgan Schneiderlin.
Arsenal have moved a step closer with regards to any intentions they may harbour of landing Real Madrid star Sami Khedira this summer, after it was reported that the La Liga giants are annoyed at the way he has conducted himself in the past few months. (Marca)
Carlo Ancelotti is keen to offload the German international this summer, and is waiting for an acceptable proposal to be submitted before discussing negotiations regarding his exit.
Arsenal have been placed on red alert for defender Toby Alderweireld after the Belgium international's father confirmed he's leaving Atletico Madrid this summer. (Daily Express)
Atleti are reportedly asking for £10 million for a player that has previously attracted interest from Liverpool and north London rivals Tottenham, so Arsene Wenger must act quickly to get him to the Emirates Stadium.
Olympiakos strategic advisor Christian Karembeu has suggested that the club will sell Kostas Manolas for £8 million with Arsenal watching the highly-rated defender. (Daily Star)
However, the Gunners face stiff competition for the Greece international's signature after Juventus made an official bid to try and lure him to Italy.