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Arsenal Transfer News: Latest on Alexandre Lacazette, Shkodran Mustafi Rumours

Arsenal boss Arsene Wenger has reportedly been told he will be handed "whatever transfer funds it takes" to bring Alexandre Lacazette and Shkodran Mustafi to the Emirates Stadium this summer.

According to the Times' Matt Hughes (h/t Alex Harris of the Daily Star), the Gunners had originally planned to cap their spending in the remainder of the transfer window at £70 million but are now prepared to part with more if necessary to land the two targets.

Per Hughes, the Frenchman could cost Arsenal £40 million, while Valencia want £35 million for the German.