The Gunners are looking to add Gabriel Jesus from Manchester City and have been linked to Leeds United wide man Raphinha too.
Mikel Arteta saw his side finish fifth in the league last season, and even though he would have been gutted to have missed out on Champions League, a huge attraction to players, he would be glad that they have been compensated with the Europa League.
He formed a close relationship with Arteta when the Spanish manager was assistant to Pep Guardiola and both have remained in touch since.
Every manager is busy trying to strengthen their squad and with the huge influx of money to teams like Newcastle, who beat Arsenal towards the end of last season, there is a feeling that next campaign will be keenly contested.
Spurs have Antonio Conte who has worked wonders, but there is no denying the fact Arsenal have improved under Arteta and if properly backed will be successful.
So with the transfer window in full swing, here is the team we think Arteta will put up if he gets all the signings he wants this summer.