Emirates Stadium side plan spending spree.
Arsene Wenger will be handed a massive war-chest to invest in new talent over the course of the next two transfer windows as Arsenal look to push on with efforts to end their lengthy silverware drought.
Buoyed by the club record £42.5m capture of German international Mesut Ozil the Gunners boss will once again look to conduct a Real Madrid raid as Wenger seeks to finally land striker Karim Benzema.
The French international forward has long been linked with interest from the North London club with Wenger said to have made a move to bring in Benzema prior to his switch from Lyon to the Bernabeu.
Wenger is looking to strengthen his attack knowing that currently his side relies heavily on Olivier Giroud as he prefers to play both Theo Walcott and Lukas Podolski in wide roles. This lack of alternatives up front has even led to the return of Nicklas Bendtner to the first team set-up.
Benzema has been the subject of abuse from a portion of the Real Madrid faithful and could perhaps be tempted by a new challenge after four years at the Spanish giants.
Wenger is ready to make an offer of around £30m for Benzema and the success of any potential bid will depend greatly on whether Carlo Ancelotti has his sights set on possible striking replacements.