Manager Mikel Arteta is believed to view right-back, left-back and attacking midfield as priorities.
After Kieran Tierney ’s injury-plagued season, a back-up for the Scot is required, with Arteta forced to use Cedric Soares and Granit Xhaka at left-back in Tierney’s absence.
The Gunners are also keen to bring back Martin Odegaard after the Norweigan’s impressive loan spell from Real Madrid, though secondary options will need to be explored if that is not possible.
Here is Mirror Football’s round-up of the latest Arsenal transfer news…
Torreira makes plea to Arteta
Out of favour midfielder Lucas Torreira has made a fresh transfer plea over his future as he seeks a move to Boca Juniors this summer.
The Uruguayan, who is currently on loan at Atletico Madrid, is desperate to join the Argentine giants to be nearer his family following the death of his mother.
“I want to go to Boca Juniors now,” he told ESPN. “I am 25 years old and I know it’s a club that plays for great targets.
“I’d like to make the fans happy… but I know it’s not easy. Boca should reach an agreement with Arsenal for a one-year loan.”
Arteta has urged Torreira to remain calm over his future and wait until the summer when a measured decision can reached over his future.
Leno ‘open’ to Emirates exit
Bernd Leno has opened the door to a departure from Arsenal, with contract talks yet to begin between the German and the Gunners.
Leno has been in decent form for the Gunners in recent weeks, earning a call-up to the German national side, but with his current contract expiring in June 2023, talks between him and the club should be imminent.
The goalkeeper though has revealed that those talks have not yet begun, and even said that he is open to an exit in two years time.
“At this moment it’s not the time to speak about the future. I know that I still have two years left and I’m also 29, for a goalkeeper that is not too old.
“I’ve still some years to go. I’m very happy in the club. I don’t know what will come in the future. I’m open for everything: for a new adventure or to stay at Arsenal,” he said.
“But, like I said, at the moment I don’t think about my future because two years are still a long time. At the moment there are no conversations with the club or something else.”
Martin Odegaard alternative eyed
Arsenal have identified an alternative signing to Martin Odegaard this summer if Real Madrid are unwilling to sell the Norwegian on a permanent deal.
According to Goal, the Gunners are ready to reignite their interest in Sassuolo playmaker Manuel Locatelli, who they are said to have been scouting for five years.
Locatelli has said that he is open for a move to a top club in the past when he was linked with a move to Manchester City.
Speaking to CorSport, he said: “I feel ready for a top club and also joining a foreign club is a potential option for me, why not?
“When there are opportunities, I will think about my future.”