Arsenal have been linked with big money moves for Real Madrid striker Karim Benzema and Southampton defender Virgil van Dijk.
Spanish media outlet Diario Gol claim Arsene Wenger is interested in signing Benzema before the end of August.
Wenger has been a long-standing admirer of Benzema and with Alexis Sanchez still wanted by Manchester City a move for the French striker could be on the cards.
The 29-year-old has had a prolific career, scoring 246 goals in 514 games for Lyon and Madrid.
He has also scored 27 goals in 81 appearances for France.