Bayern Munich, Benfica, Southampton, Toulouse and Standard Liege stars feature.
Arsene Wenger will be a manager in a lucky position this summer.
The Frenchman will be able to draw on large reserves as he seeks out high profile players who can improve his side over the rest of the campaign.
There are a couple of positions in the Arsenal side that do need improving with the necessity for a striker well documented, an out and out left side winger and a right-back if Bacary Sagna moves on.
We’ve taken a look at the rumoured targets for the Gunners this week and produced a list of the top five.
1) Mario Mandzukic (Bayern Munich)
Some reports suggest that the Gunners have already started talks and negotiations over a deal to land the Bayern Munich forward. Gianluca Di Marzio, a journalist for Sky Sports Italia, has revealed the player’s agent has already started talking with the club but there is also interest from Jose Mourinho at Chelsea.
2) Rodrigo (Benfica)
The Benfica forward has been mentioned as a summer target, who would set the Gunners back around the £25 million mark. He fits the bill in terms of an Arsene Wenger signing; quick, agile and brought through in an attack that likes to dominate with possession football.
3) Morgan Schneiderlin (Southampton)
The 24-year-old midfielder has been suggested as a possible midfield target for the Gunners. He’s on a long contract with the South coast based club but revealed earlier this week that it’s his dream to play for a large side.
“Arsenal? I have three year contract, then it will not be easy. It is also my dream to one day play in a great club, so why not,” he told RTL.
4) Serge Aurier (Toulouse)
The 21-year-old defender has been described in some quarters of Ligue One football as the best defensive talent in Europe. Arsenal represent the chance for him to step up to the next level of European football with the Premier League and they can also offer him a role in the Champions League.
5) Michy Batshuayi (Standard Liege)
The 20-year-old has a fantastic record in Belgian football this season with Standard Liege. He’s already said Arsenal is his ideal destination and it seems like an investment which could pay off big time for the Gunners. However, with Joel Campbell set to return at the end of the season, it’s a deal which could cause complications.