Arsenal manager Arsene Wenger is preparing to renew his interest in Spanish striker Alvaro Morata two years after he failed to sign him from Real Madrid, reports the Telegraph.
Now at Juventus, word on the street is that he will be back on the market once again this summer and Wenger still sees him as a striker capable of improving his Arsenal team.
However, the Frenchman faces a massive obstacle if he is to finally sign Morata. Real Madrid are believed to have the option to buy him back for the price of £23million and they are ready to exercise that right with the intention of immediately selling him on for a profit.
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That would leave Arsenal facing a potential fee of over £30m. It is well within Wenger's £75m budget but as any Gunners fan will tell you, the frugal manager only gets his chequebook out when he believes he is getting good value.
With 25 goals in 87 appearances for Juventus, £30m will be a steep price to pay for the 23-year-old, but the report seems to suggest that Wenger is ready to seriously consider paying up. But will Wenger need to generate some funds first?
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The same report says that Arsenal will be ready to boost their coffers by selling some of their current first-team stars, including the 10-year veteran Theo Walcott and youth academy graduate Kieran Gibbs.
Walcott has found himself relegated to the substitute's bench after failing to impress as both a central striker and a winger. Even 19-year-old Alex Iwobi has been selected ahead of him in recent weeks, leaving his £140,000-a-week wages going to waste.
Arsenal will listen to offers for him but his huge wages are likely to prove a problem, especially as he only signed a new deal last year. They will have no such problems selling Gibbs, who has attracted interest from Newcastle United and Swansea City.
They are also ready to consider offers for Alex Oxlade-Chamberlain, but the 22-year-old is still highly rated amongst club coaches and is unlikely to leave.
Along with a new striker, Wenger will also be on the lookout for a new centre-midfielder and a centre-back. Borussia Monchengladbach’s Granit Xhaka has been extensively scouted and is high on Wenger's list while he could renew his interest in Greek defender Kostas Manolas.
Xhaka, however, is valued at £35m by his club while Chelsea are ready to compete with their Premier League rivals for Manolas. Antonio Conte is confident of bringing him to Stamford Bridge as a long-term replacement for John Terry although the lack of Champions League football on offer surely gives Arsenal the edge.