Arsenal is planning a £70 million spending spree this week, according to the Daily Mail.
It is understood that Manchester City’s Gabriel Jesus and highly-rated Ajax defender Lisandro Martinez are top of their shopping list.
The Gunners have already seen a £35m bid for Jesus turned down but are hopeful they can strike a deal close to the Premier League champions’ £50m asking price.
Martinez is attracted to Mikel Arteta’s project, with the Dutch club demanding around £30m for the left-footed Argentinian defender.
The 24-year-old would compete with Ben White and Gabriel Magalhaes in the centre of defence.
Arsenal is also close to signing Porto midfielder Fabio Vieira. He will be their third summer arrival, after American goalkeeper Matt Turner and Brazil striker Marquinhos.