Arsenal are reported to have agreed a deal with sponsor Puma that will bring in £30m each season. If so, this would be a great add on to the current reported £100m that Arsene Wenger has to use for this summer.
There are many key areas of Arsenal's current squad that need strengthening.
This is what the Gunners need do this summer in order to win a trophy next season.
1. Buy a central defender
There is no way that Arsenal can become a strong club next season with the current defensive pair of Per Mertesacker and Laurent Koscielny. The two centre-backs haven't been consistent this season. With the shock dip in form of last year's star, Thomas Vermaelen, Koscielny has been a regular fixture in the heart of the Arsenal defence alongside Mertesacker.
Although the defensive pair have come into great form recently, allowing only five goals in the past 10 games - all wins or draws - they are not reliable enough. I do believe that either Vermaelen, if he comes back into form, or Koscielny can be a starting centre-back next season, but when it comes to Mertesacker, there is no way.
The 6ft 6in Germany international is far too clumsy and slow for Arsenal to rely on. With Bacary Sagna likely to leave in the summer, youngster Carl Jenkinson could use some help from some quality defenders.
Arsenal should buy a centre-back this summer, with Nicolas N'Koulou or Ashley Williams being my favourite choices. If Arsenal can buy a solid centre-back this summer, their defence can become much, much more reliable.
2. Buy a defensive midfielder
I think the summer move of Alex Song to Barcelona came as a shock to all of us, signing late in the transfer window.
Song, our only first-team defensive midfielder, was a great and very reliable defensive midfielder. This season, an attacking midfielder, Mikel Arteta, has taken over his position. Although he has done a great job, granted him playing out of position, it just isn't his best position.
With Arteta playing out of position, this has caused our defensive qualities to lack. I believe it is vital that Arsenal sign a defensive midfielder, which would help us a great deal. Possibly the return of Alex Song or the signing of Victor Wanayama or Etienne Capoue could benefit the Gunners greatly.
3. Buy a forward
New signing Olivier Giroud is a very good striker, but is not world class. Arsenal need to sign a great goalscoring forward.
The obvious choice, which seems like it could happen, is the signing of Stevan Jovetic from Serie A club Fiorentina. Jovetic is very young, talented, and is a great goalscorer and playmaker.
Arsenal could benefit from some attacking support after the transfer of Gunners star Robin van Persie to Manchester United has caused their attack to significantly decline. Jovetic would be the perfect signing for the Gunners.
4. Sign a goalkeeper
Wojciech Szczesny just isn't good enough. The young keeper has been greatly off form this season, and was even replaced for some time by backup Lukasz Fabianski - until Fabianski's injury just a few weeks ago.
Arsenal could really use support in the net - and a signing from Stoke's Asmir Begovic or Sunderland's Simon Mignolet could really strengthen the squad.
5. Sell our flops
Andrey Arshavin, Vito Mannone, Andre Santos, Nicklas Bendtner, Park Chu-Young, Marouane Chamakh, Sebastien Squillaci, Abou Diaby (too many injuries) - the list of under-performing players is far too long for Arsenal.
Most, if not all of the players mentioned above, have been awful. It is mind-boggling to watch players like Santos and Squillaci play for Arsenal. It makes you wonder what Wenger was thinking signing players like this. If Wenger goes on a large selling spree this summer, Arsenal can gain back the large amounts of money that they have spent on these terrible players.
6. Make a shock signing
Wenger seems to look very optimistic this summer, and could make a shock signing. A world-class player coming to the Emirates Stadium could influence the team immensely. With all of the signings above, and a shock signing like Robert Lewandoski or Iker Casillas, who Arsenal have been linked with, the club could even challenge for the the 2013/14 Premier League title.
2013/14 possible line-up: Begovic; Jenkinson, Koscielny, Williams, Monreal; Wanayama; Cazorla, Wilshere; Walcott, Jovetic, Podolski.
Bench: Szczesny, Gibbs, Vermaelen, Mertesacker, Giroud, Arteta, Chamberlain
This would give Arsenal great backup with the reserves as well with Ramsey, Rosicky, Gervinho, Cocquelin, and Gnabry all fitting into that list.
With all of the above, Arsenal can become a winning club again - and hopefully put an end to their eight-year trophy drought.
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