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The summer transfer window opens in just 10 days' time and Premier League clubs are preparing to make a rapid start.
The Gunners aren't just looking to upgrade the striker position, though, as Real Madrid winger Rodrygo is also on Mikel Arteta's wish-list.
But not all managers can get what they want - just ask Ruben Amorim.
His Manchester United side have missed out on a £100million payday after losing the Europa League final to Tottenham on Wednesday.
The Red Devils have already lined up a move for Wolves forward Matheus Cunha by paying his £62.5m release clause.
But who follows him through the doors of Old Trafford is unlikely to be another big-money signing.
Liverpool could make the biggest splash by capitalising on their Premier League title win.
The newly-crowned champions are battling Bayern Munich in the race to sign the £126m-rated Florian Wirtz, who Manchester City have this week opted against pursuing.
Scroll down as Mirror Football brings you the latest transfer news throughout Thursday...
KEY EVENTBayern fearing Liverpool in Wirtz battle
Bayern Munich fear that Liverpool will hijack their move for Florian Wirtz after being the frontrunners for months.
Wirtz, 22, is yet to decide his future but it's long been the belief that if he were to leave Bayer Leverkusen, he'd end up in Bavaria.
Now Liverpool are pursuing a move amid Leverkusen's £126million price tag.
According to Kicker, Bayern previously saw Real Madrid as their only competitor but now Arne Slot's side are in the race.
This Premier League champions' sales pitch to the German midfielder during talks last week impressed him and his family, striking fear into this season's Bundesliga title winners.
(Image:Pau Barrena/Getty Images)KEY EVENTArsenal learn Rodrygo price
Arsenal will reportedly have to pay Real Madrid €80million (£67.5m) if they want to sign Rodrygo.
The Brazilian winger is said to be on Mikel Arteta's shortlist alongside Athletic Bilbao's Nico Williams.
Rodrgyo, 24, has lost his palce in the Real line-up under outgoing boss Carlo Ancelotti.
According to Cadena SER, the Brazil international's representatives are sounding out the market to gauge interest but Madrid will demand £67.5m to sell him.
(Image:Jose Luis Contreras/Dax Images/NurPhoto via Getty Images)KEY EVENTFernandes willing to leave Man Utd
Bruno Fernandes is willing to leave Manchester United if they want to 'cash in' on him this summer.
But the 30-year-old midfielder is happy to stay at Old Trafford, despite the Red Devils' lack of European football next season.
"If the club thinks it's time to part ways because they want to do some cashing in or whatever, it is what it is," Fernandes revealed after last night's 1-0 loss to Tottenham.
(Image:Catherine Ivill - AMA/Getty Images)
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