Having been frustrated in their attempts to sign Higuain this summer, with Real Madrid demanding over £25million for the striker, Arsenal have turned their attention to Suarez in recent weeks, but they still hold an interest in the Argentine.
However both of their main moves for a new striker could be scuppered at once if Real Madrid were able to include Higuain in a deal for Suarez, but Liverpool are reportedly not willing to sell the Uruguayan for anything but a straight cash deal of around £40million.
Arsenal themselves are ready to bid £35million for Suarez this week, having already had a£30million bid turned downed by Liverpool. This offer is also likely to be rejected, with Liverpool insistent they will not reduce their asking price for the 26-year-old.
Arsenal might also face competition for Higuain, with reports that Napoli are willing to offer £26million for the Argentine. The Serie A club will have plenty of cash to spend this summer once Edinson Cavani completes his £55million move to PSG, and have identified Higuain, along with one-time Tottenham Hotspur target Leandro Damiao, as their primary options to replace the Uruguayan.
Mikel Arteta has said it is about time Arsenal spend big in the transfer market, with the Gunners failing behind their rivals in recent years due to their inability to compete for the biggest players.
"The club have said they are going to be very ambitious in the market and have got the financial resources to get big players," he said.
"I think it's about time. When you compare us to other top English clubs and the money they have paid, we are very far apart.”
Feyenoord are hoping to take Arsenal youngster Ryo Miyaichi on loan for a second time this summer, with the 20-year-old unlikely to feature in the Gunners’ first team plans next season.
Miyaichi went on loan to Wigan last season, but injury prevented him from making much of an impact at the Latics.
image: © Ronnie Macdonald