Arsenal Set to Embark on £70m Spending Spree as Wenger Targets Five New Signings

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Gunners are finally set to spend some money this summer after all. 

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Arsenal head coach Arsene Wenger is about to embark on a massive £70 million summer spending spree, according to reports in the Daily Mirror.

The players that the Frenchman is reportedly looking to bring to the Emirates before the close-season transfer window closes on Sept 2 include the Real Madrid duo of Karim Benzema and Angel Di Maria, as well as Newcastle United’s Yohan Cabaye, Sevilla’s Geoffrey Kondogbia and Valencia goalkeeper Vicente Guaita, while he also wants to re-sign free agent Mathieu Flamini.

Wenger, backed by a £70m transfer war chest, has made the capture of the Blancos duo his top priority of the window, although he faces a major hurdle in trying to complete deals for both players.

France international Benzema does not want to leave the Santiago Bernabeu and is currently discussing terms on a new deal to remain in the Spanish capital beyond the end of his current contract in 2015, whereas although Madrid are prepared to sell wide man Di Maria, the Argentinian does not want to move to the Emirates.

Meanwhile, the Gunners are preparing an improved £16m bid for Newcastle midfield player Cabaye, who the Magpies value at £20m, after seeing their initial offer of 10m for the 27-year-old rejected on Sunday night.

Elsewhere, the north London club also saw a bid of £6m for Valencia No 1 Guaita turned down by the Spaniards, who value the shot stopper at nearer £12m, but they are said to be willing to compromise on that figure, with Arsenal expected to be able to tie up a deal for the goalkeeper before the window closes on Sept 2 by reaching a compromise figure with the Liga outfit.

And finally, Wenger is pondering making a move for Sevilla’s highly rated holding midfield player Kondogbia, although the club know that they face stiff competition for the Frenchman’s signature from city-rivals Chelsea.

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