Arsenal are prepared to pay up to $50 million in the January transfer market for Barcelona duo Pedro and Dani Alves, who are both wanted by Manchester United, Chelsea and Liverpool.
The Gunners desperately need to bolster their squad after starting their Premier League campaign poorly and Arsene Wenger is uncharacteristically prepared to splash out as fans and pundits alike renew calls for his sacking.
The Frenchman needs a new right-back following the long-term injury to Mathieu Debuchy and Calum Chambers has moved to center-back. Alves is Wenger’s priority signing.
The Brazil international, out of contract at the end of the season, is being touted by United and Chelsea if he becomes a free transfer.
But Wenger is ready to outmaneuver Louis Van Gaal and Jose Mourinho by making a $10 million bid soon. Arsenal look likely to get Pedro too who wants out of the Nou Camp following the arrival of Luis Suarez.
Wenger has lined up a lucrative $30 million deal for the 27-year-old Spanish forward and looks certain to get him after signing team-mate Alexis Sanchez during the summer.
If the Gunners cannot stop their slump, Sanchez may be tempted to move on next summer, according to Gunners legend Ian Wright.
After initially struggling to score, Sanchez, a $40 million acquisition, has struck 11 times in 17 matches so far.
But with Arsenal not pulling themselves out of the slump, as witnessed by their 2-1 loss to Swansea when they were ahead, Wright is worried another top side will entice the speedy Chilean away.
Another player who may leave the Emirates is German World Cup winner Lukas Podolski, who admits he is frustrated at not getting regular selection despite his credentials and the huge Arsenal injury list.
The 29-year-old forward has started just once for Arsenal so far, making seven appearances as a substitute.
Theo Walcott’s return to fitness will further hamper his chances of selection.