Mikel Arteta and Edu are planning a major spending spree with Arsenal owner Stan Kroenke set to back them in the summer transfer window.
Arteta has positioned the Gunners for a fight to finish in the top four this season. They sit just a few points behind Manchester United in fourth spot, but have three games in hand. West Ham are also in the running, but the Gunners know they will have to end the season in good form to get themselves back into Europe.
Last season’s eighth-placed finish left them with European football, but after investment last summer Arteta has improved the club’s position this time around.
Over £100m was spent last summer on the likes of Ben White, Aaron Ramsdale, Martin Odegaard and Takehiro Tomiyasu.
Arteta was looking to add to that in January but a deal for Dusan Vhalovic never materialised, with the striker signing for Juventus.
Real Sociedad’s Alexander Isak was also linked with a move to The Emirates. He could well be a name that Arsenal pursue this summer.
But Edu is planning “for a significant summer outlay” and, according to football.london, that stance will be backed by billionaire Kroenke.
A new striker search will hold all the headlines, but Arteta is also understood to be looking at his midfield.
Granit Xhaka’s future remains unclear with Roma continuing to be linked with the Swiss star. Roma boss Jose Mourinho was keen on signing the midfielder after the European Championships last summer.
Arsenal have Xhaka under contract until 2024, but Arteta is understood to be eager to evolve his midfield.
Mohamed Elneny is also likely to leave when his contract expires in the summer.
The club have already got the ball rolling with signings for the summer.
Arsenal reps start talks with Isak ahead of summer transfer
Arsenal representatives are talking to Alexander Isak ahead of summer move from Real Sociedad
They have been heavily linked with a swoop for New England Revolution goalkeeper Matt Turner in the last few months. The secret has got out to the extent that his current manager has confirmed a deal is practically done.
Arsenal wage bill slashed
Now, it is all set to be confirmed for the summer. Arsenal will pay £4.5m up front before a further £3m in add-ons could top up the transfer cost to £7.5m.
Just how much more will be available to Arteta remains unclear. But a similar, if not larger spree than last summer, could be on the cards.
Edu has managed to offload plenty of weight off their wage bill.
Pierre-Emerick Aubameyang left on a free transfer, while Calum Chambers, Willian and Saed Kolasinac all departed.
The Gunners also allowed a number of players out on loan, including Matteo Guendouzi, Hector Bellerin and Reiss Nelson.
Stats show Arteta has managed to almost half the wage bill at The Emirates in the last year.
In 2020/21 the annual wage bill was £157m, now that has been cut to around £87.2m, according to finance website Capology.