Arsenal will have a budget of over £150 million for the summer transfer window through club funds and sales, according to the Independent.
The north Londoners are keen to close the gap between themselves and league-leaders Manchester City, who currently sit one point ahead of Mikel Arteta's side in the race to win this season's Premier League title, although the reigning champions also have a game in hand on their title rivals.
football.london understands that West Ham United captain Declan Rice is at the top of the Gunners' summer wishlist and there is optimism a deal can be done for the 24-year-old.
