With a reported £70m burning a hole in the pocket of Arsene Wenger's long grey trousers, Arsenal fans across the country will be hoping he spends it wisely.
This, after all, may be Arsene's last summer at the Emirates Stadium to build a squad capable of winning a title.
The biggest problem for Wenger and his team last year was dropping points against the top teams. If they want to compete for trophies, Arsenal need a bigger more potent squad that will give the likes of Chelsea, Manchester City and Manchester United a run for their money.
Here are the five signings that could make Arsenal champions again.
1. Asmir Begovic | Stoke City
The plain fact is, despite his youth, Wojciech Szczesny is not good enough.
They often say that the team winning the championship has a keeper who gains them 12 points a season. I admit that Szczesny has improved but you only have to look at his Carling Cup final mistake against Birmingham City and his omission against Bayern Munich earlier this year to see he hasn't the mental steel to win trophies.
Conversely, Asmir Begovic was a standout performer last season, keeping Stoke City in the league according to many of their fans. At 26-years-old he would represent a smart buy for around £8m.
2. Marouane Fellaini | Everton
The purchase of Fellaini would represent a huge capture for the Gunners. Even at £22m and wages of £100,000-a-week, I still see this as a bargain.
The 25-year-old is proven Premier League quality, with 11 goals and five assists last season. He is a real handful and would add another dimension to Arsenal's game.
The Belgium international is also versatile; able to play in the holding or attacking midfield role. Fellaini's passing is much improved, his hold up play is outstanding and he would add much needed muscle to the diminutive midfield.
3. Luis Nani | Manchester United
The out-of-favour Manchester United winger only has a year left on his contract, and the tricky Portuguese international could cost as little as £8m.
He would provide pace, depth to the squad and a great alternative to Theo Walcott; but most importantly he has won the major trophies that Arsenal desperately desire.
4. Gonzalo Higuian | Real Madrid
It looks as if it is a two-horse race between Juventus and Arsenal for the Real Madrid forward. That's if he wants to leave at all. The arrival of Carlo Ancelotti at the Bernabeau will determine the fate of the transfer.
Arsenal should do everything they can to land the 25-year-old, who scored 16 goals in 28 La Liga appearances last season. The Argentine, who would cost in the region of £24m, would fill the void up front left by Robin van Persie.
5. Alex Song | Bacelona
Mikel Arteta has been used as a make-shift enforcer since the departure of Alex Song. The importance of his presence alongside Wilshire, who can't tackle at all, was underlined in the crucial end of season meeting at St. James' Park where he was rushed back from injury.
Song in his last season with Arsenal was a class act and it is no wonder Barcelona snapped him up for £15m. But it hasn't happened for him there, with Song making just 20 league appearances.
If Arsenal could bring him back for around half the fee, it would represent excellent business.
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