It is believed that Arteta would like to bring some new faces before the transfer window ends on 30 August.
The Spaniard is targeting another creative midfielder and a forward in order to compete for Champions League football next season.
Arteta has had two disappointing league campaigns with the Gunners finishing eighth in successive years in the Premier League and adding quality players could help them to improve their status.
Arsenal considering a move for Vlahovic
With Arteta keen to sign a striker, and recent reports claimed that Fiorentina striker Dusan Vlahovic could make a move to the Emirates Stadium ahead of the next seaosn.
The Serbia international enjoyed a prolific season last year, founding back of the net 21 times for Fiorentina.
According to Sky Sport Italia’s Gianluca Di Marzio, the Gunners and Spanish giants Atletico are interested in capturing Vlahovic.
However, they could face competition from Man City and Tottenham.
Arsenal boosted in their pursuit for Odegaard
Real Madrid could be finally willing to part ways with a 22-year-old playmaker for the next season.
The Norway national team skipper has spent the 2020-21 campaign on loan at the Emirates Stadium where he has managed to found back of the net twice in 16 games and Mikel Arteta is thought to be keen on making his move permanent for the next season.
The Norwegian returned to the Santiago Bernabeu, however, Carlo Ancelotti plans to give chance to Isco to impress and could be open selling Norwegian midfielder, according to AS reports.
Torreira absence casts doubt on future
Lucas Torreira loan spell has ended at Atletico Madrid in the summer, however, he is yet to make a return to his parent club increasing rumours about his possible exit from the Emirates Stadium.
The 25-year-old played 19 games in La Liga for Diego Simeone’s side.
Torreira was expected to regroup with Arsenal for pre-season, however, quarantine protocols have complicated the situation.
However, there remains a chance he may never return to Arsenal as teams from Serie A eyeing a move for his signature.
According to The Telegraph, Torreira has held talks with Lazio as he would prefer to head back to Italy, where he played with Sampdoria before making a move to Arsenal in the summer of 2018.
He could still be used in a possible deal for Joaquin Correa.