Reports suggest Arsene Wenger will be given £50 million to spend this January.
All eyes will be on North London to see if Arsene Wenger will back up the mega signing of Mesut Ozil with the arrival of another top, high profile player carrying a very expensive price tag.
Arsenal have a very good squad of players which has allowed them to get off to a great start in the Premier League but they are short in one or two areas, which will tempt Wenger into making a big signing, or two, this winter.
If the reports of Wenger’s transfer kitty are accurate then it will be fascinating to see how he goes about spending that cash, considering his most expensive winter signing to date was the £10 million capture of Andrey Arshavin.
The most obvious transfer for Arsenal to go after is that of Real Madrid’s Karim Benzema.
There are several sources supporting Arsenal’s interest in the French striker despite the fact he’s started the season as Real Madrid’s primary number nine.
The reliance Arsenal have on their current centre forward Olivier Giroud has created a clear need for not just a replacement who can fill in for him, but someone who can compete alongside him to improver his overall game.
Benzema will not be a cheap signing if he’s a player that Wenger is seriously thinking about going after.
Arsenal will need to spend at least €50 million to try and get the Frenchman which will soak up the majority of Arsenal’s winter budget.
However, if Arsenal remain in a good position to have a chance of winning the Premier League title, the arrival of someone like Benzema into the squad will only improve their chances further.
The only problem with going after Benzema is that he won’t be able to play in the Champions League for the Gunners if they’re still in the competition after the New Year.
Another good attacking option is Borussia Dortmund's Robert Lewandowski, who could well be on the move this January if he doesn't sign a new contract with the German club.
The Pole's current deal expires next summer, which means unless Dortmund want to see him leave the club for nothing, they will have to sell him in January to get a fee, but of course Lewandowski would be free to sign a pre-contract agreement with Bayern.
In terms of Premier League attacking options, £50 million would be more than enough for Arsenal to go after someone like Aston Villa's Christian Benteke, a player who has proven to be more than useful in English football.
If a deal for Benzema or other targets doesn't come together, Wenger will have more than enough cash in the bank to make Villa an offer they can't refuse.
The only other area of the squad which could use some reinforcements is the back four because the Gunners have one of the best squads of midfield players in the country.
If the signing of Benzema takes up the majority of the £50 million budget, it means Wenger will be restricted to drafting in a cover player because he won’t have the money to go after a high profile defender.
The list of potential defenders he could go after as cover is long enough to create a book but the signing of Benzema and a talented, preferably younger defender as cover would represent great business by Arsenal and Wenger through the winter.
What do you think? Who do you feel Arsenal should spend the cash on?
image: © Jan S0L0