And with the start of the Premier League season fast approaching, Arsenal have bolstered their squad with two signings thus far.
Willian has joined on a free transfer after his contract with London rivals Chelsea expired, while Gabriel Magalhaes’ £25m move from Lille was finally confirmed on Tuesday afternoon.
But the Brazilian duo are not expected to be the only new arrivals at the Emirates Stadium this summer.
As reported by Fabrizio Romano, Real Madrid midfielder Dani Ceballos is returning for another loan spell after impressing after lockdown last season.
And in terms of permanent deals, Atletico Madrid’s Thomas Partey remains a key target, while rumours are gathering pace regarding Lyon’s Houssem Aouar who reportedly wants to join a Premier League club.
However, the Gunners are in a position where they need to raise funds in order to pull off a stunning double deal as Atletico are insistent that they will not sell the Ghanaian international unless his buyout clause of £45million is met and signing Aoaur will be an expensive one.
With that said, there is one particular transfer could be fantastic news for the Gunners in their bid to raise funds as AS Monaco have confirmed the signing of Kevin Volland from Bayer Leverkusen.
“I would like to thank AS Monaco management for the confidence they have shown,” the German said. “I am delighted to join this club with a great history and strong ambitions.
“I have been following the team’s first results and I am now looking forward to joining the group and getting down to work to bring my skills to the team.”
How Volland to Monaco could affect Arsenal is the growing belief that Bayer are planning to reinvest the money from the deal to improving the squad.
Reports in Germany claim Gunners left-back Sead Kolasinac is on the Bundesliga club’s radar.
According to Sport Bild, a transfer fee taking the defender back to Germany would be around €15 million (£13m) which is what they have pocketed from the Volland deal.
Why should you sign up?
Houssem Aouar is the talk of all Arsenal fans at the moment and football.london will bring you the very latest updates on the Gunners’ transfer pursuit of the Lyon midfielder.
By signing up for our Arsenal newsletter, you will receive a once-daily email, the majority of which will contain the very latest on Aouar, his future and the latest transfer goings-on generally at Arsenal.
We’ll also send out special newsletters on Aouar with any big breaking news around his future and how it impacts Arsenal.
How do you sign up?
It’s easy and only takes seconds.
Simply type your email address into the box at the top of this article – or any article on the Arsenal section of football.london in fact – labelled ‘Get the biggest daily stories by email’ and click ‘Subscribe’.
And that’s it, you’re all set.
If you decide later that you no longer wish to receive the emails, simply follow the unsubscribe link in one of the newsletters – but we don’t think you’ll want to.
For more details, click here.
Leverkusen are set to have even more cash to play with as they are expected to confirm Kai Havertz’s £72m transfer to Chelsea in the next few days.
However, they could face competition for Kolasinac’s signature from rivals Schalke.
The Royal Blues are reportedly keen to bring the 27-year-old back to the Veltins-Arena but could face financial problems regarding a loan deal.