The Gunners endured one of their most dismal campaigns in recent memory last time around and with no FA Cup glory to spare their blushes, next season will be the first without any form of European competition in 25 years.
In response, Arteta is likely to spend heavily in a bid to turn things around at the Emirates, with some reports indicating the Spaniard could be propped up with as much as £250m worth of transfer funds courtesy of owners KSE.
A number of current Gunners stars are expected to depart North London to make room for the potential new arrivals, including former first-team regular Matteo Guendouzi.
With that being said, here is Tuesday morning’s Arsenal transfer round-up.
Matteo Guendouzi edges closer to exit
Initially establishing himself as a fan favourite after sealing his place in the Gunners first team at just 20 years of age, things have quickly turned sour for Guendouzi just three years after his move to the Emirates.
The Frenchman has a long history of falling out with managers and despite avoiding a fractious relationship with Unai Emery, Guendouzi does not see eye-to-eye with current Gunners boss Arteta.
As a result, Guendouzi’s days in North London look numbered with a move to Benfica now an option according to reports in Portugal, as well as a switch to Marseille.
The Portuguese giants are thought to be keen on bolstering the core of their squad and see the 22-year-old as potential addition.
Though negotiations between Arsenal and Benfica are yet to take place, Guendouzi’s exit looks imminent regardless having been shipped out on loan to Bundesliga side Hertha Berlin for the 2020/21 campaign.
Arsenal interested in ‘great defender’
Who should Arsenal sign this summer? Let us know in the comments below
The Gunners have reportedly registered an interest in Everton right-back Jonjoe Kenny as the future pf current star Hector Bellerin remains uncertain.
According to the Daily Mail, Arsenal see Kenny as someone who can provide perfect cover for the right-back role, with Cedric Soares or Calum Chambers likely to both sit above Kenny in the pecking order should the 24-year-old join.
Kenny is used to lengthy spells on the side-lines, failing to displace Seamus Coleman as the Toffees starting eleven, with his best form coming while out on loan to Bundesliga outfit Schalke.
The Liverpool-born defender has previously received praise from both Aaron Lennon, who dubbed Kenny a ‘great defender’, while Jamie Carragher claimed: “I really like him [Kenny], he is your typical Scouse full-back, very aggressive, takes no prisoners but he also has quality going forward.
“You can see what it means to him playing for Everton. The traditions of Everton are that they always have those types of players.”
Chelsea ready to battle Arsenal for Swedish star
The 21-year-old has lit up the opening two games of Sweden’s Euro 2020 campaign, proving to be a thorn in the side of both Spain and Slovakia as his nation took four points from their first couple of fixtures.
Spanish outlet AS reports that Chelsea are more willing than the Gunners to pay Isak’s €60m release clause, as the Blues look to bolster their attacking options after Timo Werner struggled during his debut season in West London.
As a result of Chelsea’s interest, Arsenal could turn their attention to cheaper alternatives such as Andre Silva and Odsonne Edouard.