The Arsenal board are willing to offer Arsene Wenger with extra funds in January to help renovate the strengths in the team with injuries leaving the manager's squad worryingly threadbare.
At the very top of the Frenchman's Christmas wishlist is his fellow countryman, Yohan Cabaye, formerly of Newcastle, according to The Telegraph.
Ever since his switch to Paris Saint-Germain, the 28-year-old has found his Ligue 1 career extremely hard to get kickstarted with only one goal in 26 games disappointingly.
Despite prior interest from Newcastle in attempt to prize him back to St James' Park, a return to Tyneside now looks less likely which clears the path for Arsenal.
Obviously with Mikel Arteta and Jack Wilshere suffering with consistent injury woes, Wenger is desperate to find a new central midfielder with the duo both ruled out until way beyond the new year.
After a reported £10 million bid for Cabaye in the summer, Wenger may have to raise his slice of cash a little in order for PSG to listen to any offers as they seek making a juicy profit after signing him from the Magpies last winter.
However, in the event of a failure in landing the France international, the Gunners boss has an alternative lined up who is a little closer to home.
The continuous impressive performances of Everton's James McCarthy have pricked the ears of Wenger and with the midfield options at Goodison Park reaching overload, Roberto Martinez may be forced to allow the Irishman to leave.
The 24-year-old has only managed to hit the back of the net once in 45 appearances for the Toffees since his arrival from Wigan last summer where he outstandingly featured in 120 games, scoring in seven of those.
But his primary defensive purpose may put off the Arsenal manager as he is on the lookout for a more attacking minded central player, so Sevilla's Grzegorz Krychowiak may take the Frenchman's fancy.
Once again, his defensive duties may put off Wenger, but his willingness to venture forward could change his mind.
After slapping £24 million on the table for the former Bordeaux playmaker, the Spanish side could allow the struggler to leave with just one goal in twelve appearances after he announced he was "uncomfortable" at the club.
But with a Champions League position at stake, the initial £20 million budget has been doubled in order for Arsene Wenger to attract only the best of players who can help the Gunners reach that expectation.
However, failure to land anyone during January, and the board may decide that his time in charge of Arsenal is up which will vacate a job for the many linked managers over the previous recent weeks.
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