When the season comes to a close and Arsenal narrowly miss out on the Premier League title to either Tottenham Hotspur or Leicester City, attention will turn towards last summer's transfer window.
Arsene Wenger failed to sign a single outfield player in that time, instead opting to keep Arsenal's cash in his pocket. It is that decision that, according to many fans and pundits, led to their failure to take charge of the division.
However, the Frenchman appears ready to make up for lost time and, according to the Mirror, has every intention of flashing the cash when the transfer window reopens in June. In fact, work has already begun on one potentially huge deal involving Real Madrid star Toni Kroos.
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The German midfielder is still remembered by most Premier League fans for Manchester United's intense pursuit of him throughout the 2013/14 season. David Moyes was a big fan of the then Bayern Munich star and was determined to bring him to Old Trafford.
However, Moyes was sacked, the Red Devils fell out of the Champions League and Kroos eventually opted for Real Madrid, where entry to Europe's elite competition is a virtual guarantee. He has done well at the Bernabeu, starting 52 of a possible 58 La Liga games, meaning he has remained a key player under Carlo Ancelotti, Rafa Benitez and Zinedine Zidane.
An ambitious deal
It seems strange, then, that Arsenal believe they have a chance of bringing the 26-year-old to the Emirates this summer. John Cross of the Mirror says the Gunners have already launched an enquiry in Real Madrid's direction in the hope of stealing a march on any other interested club.
Real Madrid are unlikely to sell for anything less than a substantial amount but after seeing Mesut Ozil, Angel di Maria and Iker Casillas leave in each of the last three summers, it appears no one is safe from Florentino Perez's fickle thought process.
There is clearly something going on with regards to Kroos as reports in Spain last week suggested that Pep Guardiola was also hopeful of bringing him to Manchester City this summer. The Spaniard shared one season at Bayern Munich with the midfielder before he was sold to Real Madrid and obviously liked what he saw.
With Guardiola at the helm and limitless money on offer, the Etihad would seem a more attractive proposition for Kroos if he was to leave the Spanish capital, but that is one hell of a big 'if'.
Needless to say, Arsenal have got some alternatives in mind and have also been linked with a move for Borussia Monchengladbach star Granit Xhaka and Southampton's Victor Wanyama.
Do Arsenal have any chance of signing Toni Kroos or is Arsene Wenger just wasting his time? Give us your thoughts in the comment box below!