The Gunners ended their nine-year trophy drought with the FA Cup final win over Hull City in May, and manager Arsene Wenger is seemingly poised to splash the cash this summer in order to get Arsenal challenging for more trophies next season and beyond.
Whilst supporters want Wenger to clinch the signings of a new right back and a centre forward, the departures of Lukasz Fabianski and Emiliano Viviano mean that Wojciech Szczesny is the only recognised senior goalkeeper in the squad, and the likes of John Ruddy of Norwich City and Cardiff City's David Marshall had been linked with moves to North London.
Yet whilst many thought that Wenger would be looking to snap up a backup goalkeeper to challenge with Szczesny, speculation today suggests that Arsenal will look to land Chelsea's long-serving stopper Cech to be the new first choice at the Emirates Stadium.
The Czech Republic international could leave Stamford Bridge this summer if Jose Mourinho chooses to make Thibaut Courtois his No. 1 goalkeeper – but it remains unlikely that he would be sold to Arsenal.
The relationship between Mourinho and Wenger was already fractious before the Chelsea boss returned to West London, but comments from Mourinho that Wenger is 'specialist in failure' have only worsened matters, which may make any dealings between the clubs difficult.
Factor in that Arsenal project to be a title contender – or at least in the running for the top four – next season, and Chelsea would be fools to allow a player like Cech, who is still one of the top goalkeepers in Europe, leave to a direct rival.
Additionally, Arsenal should be backing 24-year-old Szczesny rather than looking to replace him. The Pole has had his ups and downs, but he's still young for a goalkeeper and has shown enough to suggest that he can establish himself as a star goalkeeper in the Premier League.
Adding competition and cover is one thing, but to outright replace a young player who has impressed would be foolish of Arsenal, and given that Chelsea would almost certainly reject any bid from their London rivals, this rumour seems to be a no-goer.