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Mikel Arteta is likely to be given a budget of £200 million to spend in this summer’s transfer window.
The figure was agreed during a strategy meeting between the club’s owners, the Kroenke family, Sporting Director Edu Gasper, and leading executives.
It has been recognised that the club needs to bring in some quality reinforcements, both to mount another sustained title challenge next season, but also to cope with the demands of the Champions League.
Midfield remains a key priority and Declan Rice is a key target, although the England international is likely to attract a substantial premium when it comes to price, and there will be many clubs competing to sign the West Ham player.
The recent injury to William Saliba has also highlighted the need to bring in another top class right footed central defender, whilst there have also been suggestions they are looking at a more physical centre forward to complement and add an alternative to Gabriel Jesus.
Andy is an exiled English football fan living in Cyprus. He loves all sports but football is his abiding passion, and he still has dreams every now and then about scoring the winning goal in a Wembley Cup Final, even though his playing days are long gone. He follows most major leagues, across Europe at least, and has a favoured team in each. When he’s not watching, listening, reading or downloading podcasts about football, he spend his time worrying about his beloved Arsenal.