Arsenal could still spend ‘close to £200 million’ on transfers this summer as Mikel Arteta looks to strengthen at the Emirates, according to Sky Sports reporter Dharmesh Sheth.

Five new faces have already been brought to the club this summer as the Gunners look to improve on last season’s fifth-place finish and they may not be finished just yet.

Who have Arsenal signed so far this summer? 

Arsenal appear to have three goals for this summer transfer window if their current business is anything to go by: improve squad depth, build for the future and add star power. 

After losing Pierre-Emerick Aubameyang and Alexandre Lacazette over the past six months, a new leading man was desperately needed and just over £45 million was spent on the signing of Gabriel Jesus from Manchester City. 

The Brazilian was joined at the Emirates recently by his old teammate Oleksandr Zinchenko after a £32 million deal was agreed with the duo likely to immediately improve the Gunners. 

Fabio Vieira has been signed from Porto to add depth to Arteta’s midfield options and Matt Turner will provide further competition in goal after joining from New England Revolution. 

Young Brazilian winger Marquinhos has been brought in from Sao Paulo and Arteta has been eager to emphasise in pre-season that the attacker will be a work-in-progress for the current campaign. 

What has Sheth said on Arsenal’s summer business? 

The Sky Sports reporter says that the amount of money splashed on new recruits this summer is once again a sign of how highly Arteta is rated by those at the club. 

Last summer the Gunners spent more than £140 million and Sheth believes that there is every chance the spend this year could top £200 million. 

Sheth told GIVEMESPORT: “I think all of this business that Arsenal are doing, particularly last summer and this summer, just highlights how much they're backing Mikel Arteta. He's the long-term project for them. They're backing him all the way. 

“They didn't have European football last season and yet they spent more than any club in Europe in the transfer window, in excess of £140 million. Now the Zinchenko deal has gone through, I think they are almost be at that level again for this summer with five or six weeks to go in the window and if they were to buy another player they will beat last year's record. 

“If they were to spend as much on a right-sided player that they were willing to spend on Raphinha, then you're looking at a summer spend of close to £200 million.”

What happens next at the Emirates? 

Arsenal have acted fast this summer and strengthened a number of positions that were in desperate need of a boost. 

But still two areas stand out. A new central midfielder and a new attacking option out wide are likely still being targeted given past reports of the Raphinha chase and the continued monitoring of Leicester City’s Youri Tielemans. 
Arteta has previously spoken of the need for new signings to be the right fit for the club and unless they match that criteria, the Spaniard would probably rather keep things as they are.