Arsenal are considering a summer spending spree as the Gunners target a triple swoop in signing Alvaro Morata, Julian Draxler and Lars Bender, according to the Daily Mail.
The north London club failed to add new faces to the squad in the early stages of last summer, only to sign Mesut Ozil from Real Madrid on the deadline day for a club-record transfer fee of £42.5m.
The report claims Arsene Wenger is looking to avoid last summer transfer's mistake and add quality players to the squad early stages of the transfer window. Arsenal are looking to strengthen in all positions, which includes a striker, a midfielder and two defenders.
The Gunners currently have Olivier Giroud, Yaya Sanogo and Nicklas Bendtner as the first choice strikes in the squad. The Denmark international will be allowed to leave the club in the summer.
The Frenchman is looking to strengthen his attacking division and is preparing a move for Madrid striker. Morata has long been a transfer target for the Emirates club, along with Schalke star Julian Draxler. The duo were strongly linked in the January transfer window, but no deal took place.
The Daily Mail reports Arsenal officials have already contacted the Spanish capital club and Bundesliga outfit over a summer transfer for Morata and Draxler. The Gunners manager has also set his sights on Bayer Leverkusen midfielder.
According to the Telegraph, the Gunners will hand Wenger a £100m transfer budget in order to bring in new faces to strengthen the squad for the next campaign.
Arsenal manager's future at the club hangs in balance as his contract expires at the end of this season. However, the Frenchman hinted that he would extend his stay beyond this campiagn by confirming the north London side are preparing for next season.
"We do spend time on next season, we are really focused and working very hard. Every day we spend time on that," Wenger said.
The Gunners have qualified to the FA Cup final after defeating last season's winners Wigan Athletic last Saturday. However, their main focus would be on finishing the season in top four and qualify for next season's Champions League.
Arsenal are fifth in the table with 64 points from 33 games, trailing fourth place Everton by two points.