It’s all happening at Arsenal.
For the first time in years, Arsene Wenger has taken early steps to improve his squad in the summer transfer window.
Grant Xhaka’s £30 million arrival has already been confirmed, whilst the likes of Alvaro Morata, Jamie Vardy, Riyad Mahrez and Henrikh Mkhitaryan have all been strongly linked.
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Focus is well and truly on Vardy’s potential £20 million move after the Gunners triggered his buy-out clause last week, but equally promising developments have emerged over the past 24 hours.
If reports are to be believed, Arsenal have been handed a huge boost in their pursuit of Borussia Dortmund’s Mkhitaryan.
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According to the Mirror, the Bundesliga giants are ready to sell their £20 million-rated Armenian after he turned down a contract extension.
Dortmund failed to tie down Mkhitaryan to a new deal because they refused to include a release clause.
Arsenal are now clear favourites to sign the 27-year-old, who recently admitted he favours a move to the Emirates Stadium over the likes of Chelsea and Tottenham, who have also expressed interest.
And what a signing he would be. Last season alone, Mkhitaryan scored 18 goals and provided 20 assists in all competitions for Dortmund - a remarkable return for someone who plays out wide.
Alongside Pierre-Emerick Aubameyang and Marco Reus, the Armenia international formed one of Europe’s deadliest trios and terrorised a number of Bundesliga defences.
In a bid to keep their players and avoid scenarios similar to that of Mario Gotze’s move to Bayern Munich in 2013, Dortmund no longer insert release clauses into any of their players’ contracts.
Their efforts have ultimately proved futile, though, after Mats Hummels and Ilkay Gundogan secured moves away from the Westfalenstadion to Bayern and Manchester City respectively.
Elsewhere for Arsenal, they’re yet to hear back from Leicester City's Vardy after triggering the striker's £20 million buy-out clause last week.
The 29-year-old boarded the plane to Euro 2016 with England yesterday after it was widely anticipated that his future would be confirmed before doing so.
It’s going to be an excruciating wait for Arsenal, especially so amidst rumours that Riyad Mahrez could follow suit.
Despite all the excitement, though, it seems as though the Gunners could miss out on Morata.
The Spaniard has been frequently linked with a move to north London in recent weeks but it would appear that Chelsea have stolen a march in the race to sign him after entering transfer talks.