Arsenal boss Mikel Arteta is said to be interested in signing a midfielder and two new strikers during the summer transfer window.
Arsenal are looking to rebuild their squad ahead of the 2022-2023 campaign as they continue to push for Champions League football.
According to The Evening Standard, Arsenal are also interested in signing a winger, left-sided centre-back and right-back to help strengthen their squad.
However, the size of Arsenal's budget for the summer is said to be dependent on how they do this season.
Should the Gunners qualify for the Champions League, they will be given a larger pot to spend during the transfer window.
If that is the case, Arsenal will look to sign a quality striker to replace Pierre-Emerick Aubameyang - who left for Barcelona.
The Gunners had previously tried to sign Dusan Vlahovic but failed to do so. Now they are said to be looking at either Alexander Isak, Dominic Calvert-Lewin or Jonathan David.
The Gunners are also said to be keeping tabs on Benfica striker Darwin Nunez after he impressed the Premier League giants during the first half of the Primeira Liga season.
Should they fail to acquire any of the above, Arsenal will look sign Armando Broja. However, they don't think Chelsea will be willing to sell the 20-year-old - who is currently on loan with Southampton.
Nevertheless, Arteta is determined to add a striker to his ranks given the fact Alexandre Lacazette and Eddie Nketiah are yet to sign a contract extension with the club.
Meanwhile, Arsenal will also look to add strength to their midfield line by signing either Douglas Luiz, Ruben Neves or Youri Tielemans during the summer window.
As it stands, Luiz and Tielemans both have a year left on their contracts. Therefore, it seems unlikely Arsenal will be able to pries them away from their respective clubs without paying a hefty fee.
However, their chances of landing either of the midfielders remains high as neither of them are close to agreeing terms over news deals with their current clubs.
Arsenal are also looking to cash in on your new talents. They have been watching Danilo and Carney Chukwuemeka ahead of the summer window.
Arsenal are also said to be keeping tabs on Middlesbrough’s Djed Spence after a series of good performance caught the attention of several Premier League giants.
However, a right-back is said to be low on Arsenal's list of priorities. Therefore, it seems likely their Premier League rivals will beat them to his signature.
As it stands, Arsenal are currently sitting fourth in the Premier League table. They are one point ahead Manchester United and will look to hold onto their Champions League spot over the coming weeks.
Arsenal will back in action when they take on Leicester City in their Premier League clash on Sunday afternoon.