Real Madrid, Southampton, FC Nurnberg, Everton and CSKA Moscow stars all feature.
The Gunners have several areas in their current first team which could use an extra body with a clear need for another centre forward as well as a wide man and another defender in the back four.
Here are the top five players to have been linked with the Gunners this week.
Iker Casillas (Real Madrid)
Santi Cazorla admitted earlier this week that he’d encouraged Iker Casillas to make the move to Arsenal. The Real Madrid man has seen his place under constant threat since Jose Mourinho started using Diego Lopez at the Bernabeu last season. Casillas would be world class competition for Wojciech Szczesny.
Jay Rodriguez (Southampton)
The Southampton striker and England international remains on Arsenal’s radar according to reports. The 24-year-old is the second highest English scoring player this season behind Daniel Sturridge and the Saints eyeing up Danny Ings of Burnley could be a sign they’re preparing for his departure.
Josip Drmic (FC Nurnberg)
A done deal according to Lothar Matthaus but the former Germany boss has made a lot of noise over the FC Nurnberg star before. The 21-year-old is rated at around £8 million and while he won’t be the high profile target fans have perhaps been hoping for, he would be a decent signing.
John Stones (Everton)
Stones was absolutely superb against Arsenal last weekend, which has prompted reports that they’re interested in signing him. However, any deal for the 19-year-old will be extremely difficult considering how highly Everton boss Roberto Martinez currently rates him.
Seydou Doumbia (CSKA Moscow)
The CSKA Moscow forward has been in great form for the Russian side this season; 16 goals in 18 games. He’s a typical Wenger in the respect that he’s lower profile and presents the opportunity for the Frenchman to work hard with him, turning him into a more consistent attacker.