7. Pepe Reina
In this case, perhaps Arsenal dodged a bullet, but at another time when they were in need of a top class goalkeeper, they wrangled with Liverpool over a few million pounds for Pepe Reina. At the time, the Spaniard was one of the best goalkeepers in the league, and was supposedly keen to join the Gunners, but it wasn’t to be. Reina has since gone into sharp decline, and has been shifted out on loan to Napoli this season by manager Brendan Rodgers, who has replaced him with Simon Mignolet – another player who was also linked as an Arsenal target for much of this summer.