Arsene Wenger has revealed he will sign world class players should Mesut Ozil and Alexis Sanchez end up leaving the club.
With an air of uncertainty over the futures of both stars, a lot will depend on their commitment to the club before any significant decisions are made on which attacking players the Gunners will aim to recruit.
Which stars would you like to see sign for Arsenal?
Here, we take a look at three realistic options for Arsene Wenger’s side if Ozil and Sanchez choose to leave the Emirates Stadium.
The former African Footballer of the Year was an inspirational presence in Leicester’s Premier League triumph in 2016.
But his form and results of the Foxes dipped significantly this season, placing pressure on an otherwise superb talent.
With seven goals and seven assists in 21 games, the question remains whether Arsene Wenger needs to fork out over £40 million to add the Algerian international to his current wealth of talent in midfield.
One drawback of bringing the livewire attacker in would be finding a system that keeps his squad happy and prevents Mesut Ozil – if he stays until the summer – being pushed into an unfavoured wide role.
A key tactic could be for Wenger to convert Mahrez from a winger to a striker role, something he previously did with the likes of club legends Robin van Persie and Thierry Henry.
The 26-year-old clearly has formidable goalscoring ability, but it may need a new club like Arsenal to bring out the best in him again as he had looked lethargic for large spells of this season.
The Gunners had a late £90m bid accepted for the French winger during the summer, but there was no time to get all the formalities done and the move subsequently collapsed.
But with Sanchez likely to leave the club, Lemar would fit the ball as a talisman attacker – playing behind a front three led by Alexandre Lacazette.
Lemar makes sense as a replacement for Sanchez but he is not as prolific as the Chilean in the final third – with just two goals and four assists in 12 matches this term.
The Frenchman’s greatest asset is his crisp passing and tireless work and movement off the ball, which would add another layer to an already lethal Gunners attack.
At 22, his best years are yet to come, which represents another significant boost for Wenger’s side in the long run.
Alexandre Lacazette may have been a marquee signing for the Gunners during the summer, but if they want to get the best out of the elusive Frenchman, they should consider his former teammate Nabil Fekir.
The 24-year-old is in sparkling form at the Groupama Stadium this term, scoring 13 goals and providing four assists in 16 Ligue 1 matches.
But with Lyon in the midst of a title battle with PSG and Monaco, it is doubtful the club will want to cash in on their prized asset for less than €50 million – and not til next summer at the earliest.
It should be said that signing Fekir is seen as a long-term move for the North London club as they look to bolster their attacking options for next season.
His skill and workrate makes him a perfect fit to sit behind Lacazette in a 3-4-2-1 formation. It’s normally where Sanchez and Ozil operate, and his pace, consistency and eye for the right option would not look out of place in this position.
With the January transfer window in full swing, rumours are starting to rumble as the Premier League’s elite clubs look to bolster their sides for the second half of the season.
But with it being a World Cup year, some key players need to switch clubs in a bid to get more game time and make the plane to Russia.
Here, we take a look at five players who should look to get more minutes elsewhere in January.
The Frenchman may boast a formidable record of 29 goals in 69 appearances for his country, but for now, his seat on the plane to Russia looks to be in significant doubt.
Didier Deschamps has regularly chosen not select the likes of Kingsley Coman and Alexandre Lacazette – the latter of who has played three times as many Premier League minutes than Giroud this term.
The 31-year-old has only started one game in 15 league appearances – in comparison to Lacazette who has started 19 out of 22 matches.
With France’s list of attacking options flawless, Giroud needs to find a new club this month if he wants to be on that plane from Paris to Moscow at the start of June.
At his best, Daniel Sturridge was one of the first names on the Liverpool and England team sheets – but since 2015 injuries have curtailed his development as a player.
Even when fit, it looks difficult to see Jurgen Klopp select him in his starting team with Roberto Firmino, Mohamed Salah and Sadio Mane on fire this term.
However, despite little game time in recent months, the 28-year-old is still a class act and would be a welcome addition to any squad.
With Celtic and Newcastle interested in acquiring his services, any of these moves would help rediscover his form and goal scoring drought.
It may be hard to usurp Harry Kane, Marcus Rashford, Tammy Abraham or Jamie Vardy for the four striker positions, but the Birmingham native needs to chase first team football if he is to be named in Gareth Southgate’s side for Russia.
A totemic presence in any defensive line, Luiz needs to force a move this month in order to galvanize a place on the Brazil team.
His relationship with Chelsea boss Antonio Conte has broken down since the 3-0 Champions League defeat to Roma in October – with the centre-back only featuring twice since then.
A knee injury may have kept him out of action in December, but the 30-year-old has struggled to battle back into the Blues side with Andres Christensen in stunning form.
With Real Madrid and Juventus looking to bolster their defensive options, a move to the Serie A would be a suitable career move for the Brazilian in a bid to boost his match sharpness for Russia.
It’s been a frustrating year for the Argentine, falling out of favour under Unai Emery and starting just three Ligue 1 matches this season.
Previously one of PSG’s top performers, it looks like he will bring his six year association with the club to an end this month in an effort to get more minutes.
His late arrival back to the French capital after the winter break may not have helped his case either with the player set to be sanctioned for missing two full days of training.
If he does leave, the 29-year-old will have no shortage of options with Chelsea and Juventus linked with the elusive midfielder.
The Egyptian always performs solidly but the question remains whether he is good enough to help Arsenal progress.
Although he is going to the World Cup, he’s only played 263 Premier League minutes this season which could have a negative bearing on his form in Russia.
Against Nottingham Forest on Sunday, he offered no protection in defence and contributed nothing in attack.
For the second goal, he got nowhere near Eric Lichaj who slotted home with ease.
The 25-year-old is a quality player, but with the Pharaohs featuring in a first World Cup in 28 years, they need their talisman at his stellar best.
With Arsenal eliminated from the FA Cup, sitting on a cold touchline at the Emirates Stadium will not parachute him into a consistent run of form for Hector Cuper’s side in June.
It took the third largest amount ever paid for a footballer to prise Coutinho away from Liverpool and the rumour mill has already linked the club with Leicester‘s Algerian winger Riyad Mahrez as a possible replacement for the Brazilian playmaker.
Neither club has officially confirmed or denied the deal, despite reports from France saying Mahrez would have a medical soon at Liverpool.
The club’s number one target, according to many reports, is the French international forward Thomas Lemar, part of the impressive Monaco team that reached the Champions League semi-finals last year but which has since been dismantled.
Arsenal had a £92 million bid ($125 million, 104 million euros) for 22-year-old Lemar rejected in the summer transfer window and the player is reportedly keen to work with Liverpool manager Jurgen Klopp.
Monaco have already crashed out of the Champions League this season, so Lemar could be open to a move, although coach Leonardo Jardim is reluctant to see one of his remaining star names leave.
“Monaco don’t usually make big sales in the winter,” Jardim said last week.
Other reports have linked Liverpool with Arsenal’s Alexis Sanchez, an increasingly divisive figure at the Emirates. His contract expires in the summer, meaning Arsenal either cash in on the Chilean now or risk seeing him walk away for nothing.
Before the January transfer window even opened, Liverpool moved to address their defensive frailties by bringing in Dutch centre-back Virgil Van Dijk from Southampton for £75 million, one of the most expensive transfers in history.
Arsenal, who were dumped out of the FA Cup by Championship side Nottingham Forest on Sunday, face a similar dilemma with Mesut Ozil, who is also out of contract in the summer.
Meanwhile, Southampton manager Mauricio Pellegrino has admitted he has been in talks about bringing Theo Walcott back to the club from Arsenal.
The enormous TV receipts enjoyed by Premier League clubs forces many into the transfer market to compete with the biggest earners in their own division.
So Everton, still far from safe from relegation after a dreadful start to the season, have signed a much-needed centre-forward in Cenk Tosun on a four-and-a-half-year deal worth a reported £27 million.
The forward has scored 41 goals in 96 Turkish Super Lig games for Besiktas.
Leicester City will fight to keep Mahrez, who was one of the driving forces when the unfashionable club won the Premier League title in 2016.
But if Mahrez is tempted away – and he reportedly has a clause in his contract allowing him to leave if a substantial bid comes along in this window – then Leicester’s French boss Claude Puel could turn to Hatem Ben Arfa, who has failed to break into Paris Saint-Germain‘s star-studded first team.
Ben Arfa has previous Premier League experience with Newcastle and he worked with Puel at Nice in the 2015-2016 season.
PSG could be prepared to let Ben Arfa leave cheaply as the Qatari-backed club need to reduce their wage bill to comply with financial fair play rules after their spending reached stratospheric levels last summer with the world-record arrival of Neymar for 222 million euros, followed by the acquisition of the lavishly talented French teenager Kylian Mbappe.
Brazilian midfielder Lucas Moura also looks set to be offloaded by PSG, with fellow Ligue 1 side Nantes entering the race for his signature.
Javier Pastore could be allowed to leave the French capital, with Inter Milan leading the race for his services. The Argentinian may not have helped his case for by arriving back in Paris late from his New Year holiday.
Several Premier League clubs are also said to be tracking two young talents in the Bundesliga.
Bayer Leverkusen’s 20-year-old Jamaican winger Leon Bailey is said to be a target for Chelsea, Manchester United and Arsenal, and German international midfielder Leon Goretzka could reportedly join Liverpool from Schalke 04 on a free transfer next summer.
Two veteran German strikers, Sandro Wagner and Mario Gomez, will have new teammates when Bundesliga action resumes next weekend. Wagner is the new backup for Robert Lewandowski at league leaders Bayern Munich while Gomez has joined Stuttgart.