According to TuttoMercatoWeb, The Gunners have joined the race for wantaway Everton striker Romelu Lukaku.
The Belgian, who scored twice in a 3-0 win against Sweden last week, wants UEFA Champions League football, with Chelsea and Paris Saint-Germain also reportedly interested.
Arsenal are also credited with interest in Napoli fullback Elseid Hysaj.
The 22-year-old Albanian has caught the eye at Euro 2016, and Le10Sport report that a €19-million offer could be enough to secure his services.
The Gunners’ rivals on the opening day of the 2016/17 season, Liverpool, have also been busy.
They are supposedly keen on Andros Townsend, who was the standout player for relegated Newcastle United last season.
The Daily Mirror reports that the 24-year-old winger has a £10.5-million buyout clause which The Reds are set to trigger, though Manchester City, Crystal Palace, Southampton and West Ham are also interested.