Karim Benzema
Karim Benzema has scored 23 goals in all competitions during the 2013/14 season.Reuters

Arsenal have reportedly stepped up their chase and are ready to open talks with Real Madrid to bring Karim Benzema and Alvaro Morata to the Emirates.

The Daily Express claims both clubs have already arranged a meeting to discuss the proposed transfer of both strikers during the summer transfer window. Arsene Wenger recently signed a new three-year extension and looks to have begun his preparations for the upcoming campaign.

The 64-year-old revealed that Arsenal will splash the cash to strengthen their squad in the summer. Recent reports have suggested that the Frenchman will be given a £100m war-chest and that Queens Park Rangers' Loic Remy was also on his wish list.

Wenger wants to bolster his striking department as he has one experienced striker in Olivier Giroud to shoulder the goal scoring burden. The Gunners' boss sought to ease the pressure on his compatriot in January by seeking to sign Morata on a loan deal, but was unsuccessful.

Arsenal look to have re-established their interest in the 21-year-old and Madrid are reportedly willing to allow the Spain U21 striker to leave Santiago Bernabeu for £8m on the condition of inserting a buy-back clause which could be activated within two years.

Meanwhile, Benzema's current contract with the reigning European champions is due to expire at the end of next season.

But the Express report suggests that Wenger is preparing to make a bid in the range of £25m which could tempt the Spanish capital outfit to sell the French international.

Madrid are believed to be keen on signing Liverpool star Luis Suarez who plundered 31 goals in the Premier League last season, winning numerous accolades including the PFA Player of the Year.

The La Liga outfit might reportedly consider selling Benzema in order to fund the transfer for the Uruguayan international.

The 26-year-old who is currently part of France's 23-man World Cup squad has indicated that he is happy with life in the Spanish capital.

"I feel at home in Madrid. I am really at ease. Playing at Real Madrid is a joy and fills me with pride because it is the greatest club in the world and also because I have come through some difficult moments in my five years here," Sky Sports quoted Benzema as saying.