Declan Rice is set to undergo a medical examination at Arsenal in the near future, in preparation for his £105m transfer from West Ham. Meanwhile, Jurrien Timber has already commenced his medical assessments at Gunners prior to his £38m move from Ajax.
The initial agreement on personal terms has been reached for both players, paving the way for them to potentially become Arsenal players by the beginning of the following week.
Rice is poised to sign a £105m deal with West Ham, whereas Timber is set to join Ajax for £38m.
This move would push Arsenal's spending in this transfer window over £200m, providing further evidence of the support that manager Mikel Arteta is receiving from Edu and the board.
After securing the £65m signing of Kai Havertz last month, Arsenal is set to witness a busy period of arrivals and departures with the double signing.
There is still a possibility of more arrivals at Arsenal, particularly for an attacking right-sided player, as they continue to focus on strengthening their squad. However, any further additions will likely depend on the sales they make.
Nelson in, Xhaka out at Arsenal
On Tuesday, Granit Xhaka's £21.4m move to Bayer Leverkusen was announced. The Switzerland international brings a seven-year spell in north London to an end.
Reiss Nelson's contract extension was announced alongside the news of defender William Saliba also signing a long-term deal at the Emirates Stadium. Nelson, the young winger, has secured a four-year extension until 2027 with an additional year option.
Arsenal continue to explore potential exit opportunities for Cedric Soares, Nuno Tavares, Albert Sambi Lokonga, and Nicolas Pepe. Additionally, the Gunners have decided to allow striker Folarin Balogun to depart during the summer and have set his value at approximately £50 million.
Inter Milan, AC Milan, RB Leipzig, Monaco and Marseille are all interested in Arsenal striker.
Explained: How Arsenal can afford big-money summer signings
Football finance expert, Kieran Maguire, believes that Arsenal's recent increase in spending can be attributed to their successful management of wages.
Arsenal's current wages are £150m to £170m less than those of Liverpool, Manchester United, and Manchester City, as compared to 2018. This financial advantage has provided them with the flexibility to enter the market and make player acquisitions without excessive concern. Additionally, Arsenal stands to profit from participating in Champions League matches, benefiting from premium prices and a minimum prize money of £50m.
Hence, when all these factors are taken into consideration, it is likely that they still have some room for flexibility regarding their spending during the current transfer window.
When questioned about any changes in strategy at Arsenal, he further stated, "Indeed, there has been a shift in strategy. They underwent a period of retrenchment and experienced several years of not qualifying for the Champions League."
They have successfully eliminated high-earning players such as Mesut Ozil and Pierre-Emerick Aubameyang from their payroll, allowing them to now enter the market and compete with other clubs more effectively.
Arsenal was once renowned as the Bank of England club, known for their strong financial management. This shift in spending can be seen as a recognition of Mikel Arteta's achievement in leading the team back to the Champions League, which brings significant financial benefits.
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Which players will be making moves this summer as the transfer window opens on June 14 and closes at 11pm on September 1 in England and midnight in Scotland?Stay informed with the latest transfer news and rumors through our dedicated Transfer Centre blog on We' digital platforms. Additionally, you can catch up on player acquisitions, departures, and expert analysis on We News.