Having been publicly knocked back in an effort to sign Luis Suarez, Arsenal now have a decision to make.
With most of the top striking options in Europe having moved on already, the Gunners must take their money elsewhere, or decide whether to keep focusing on Suarez.
One clear option in front of them is to switch their attentions to Manchester United striker Wayne Rooney.
The Englishman is said to be fed up at not being first choice at the club, and is said to have his heart set on a move away, similar to Suarez at Liverpool.
He is said to favour a switch to Chelsea, but also be open to another London club, Arsenal.
The Gunners clearly have cash at their disposal, as evidenced by their £40 million (plus £1) bid for Luis Suarez.
They can turn United's heads by offering that huge sum for Rooney, who remains on course to become England's all-time leading goalscorer.
Chelsea have been pursuing Wayne Rooney, said to have had two bids rejected, neither of which have broken the £30 million mark.
While United do not want to sell to a title rival in Chelsea, there is a slight possibility they will see Arsenal as less of a threat and consider taking the cash from the Emirates.
Jose Mourinho is said to be determined to land Rooney, much as David Moyes is set against selling him to Chelsea, which means Arsenal can really shake things up for the pair of them.
If Arsenal slapped a £40 million bid down at United, it would certainly make them consider it far more than Chelsea's opening bids.
It would also test Chelsea's pursuit of the striker, and just how determined Mourinho really is. Would he and Roman Abramovich be prepared to get into a bidding war for Rooney?
Would the escalation of a bidding war finally convince United to cave in and let the striker go?
All of the answers to these questions are unclear; but if Arsenal did switch their attentions onto the frontman, it would certainly shake life up at both Manchester United and Chelsea.
Should Arsenal bid for Rooney? What would it mean for United and Chelsea's pursuit of him?
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