After officially competing a deal to sign forward Kai Havertz from Chelsea, in a deal worth around £65 million, the Gunners are certainly not resting on their laurels.
It's widely reported that Arsenal are closing in on a deal for West Ham United star Declan Rice, after agreeing to pay a total £105 million fee (£100m + £5m in add-ons) for the England international.
Talks are apparently ongoing over payment structure, but it would appear he is edging closer and closer to north London, while Ajax defender Jurrien Timber is also expected to make the move.
Arsenal are reportedly nearing the capture of both men, with reports suggesting both deals could take their spending over £200 million for this summer transfer window.
The Gunners are tipped to sign a new full-back before the start of 2022/2023 as well, as Galatasary defender Sacha Boey and Cancelo have been repeatedly linked.
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The latter player, who spent the second half of last season on loan at Bayern Munich, is reportedly surplus-to-requirement at Man City despite once being a key member of Pep Guardiola's starting eleven.
A report out of Germany has shared the latest on Arsenal's pursuit of Cancelo, with magazine Kicker claiming he is right at the top of Mikel Arteta's wish list.
They apparently see the Portugal international as an "ideal" solution to Arsenal's full-back problems, and wish to commence efforts over his signing "shortly".
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