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Arsenal report: Arsenal ready to splash the cash on one position – even if they finish fifth

Arsenal target Gabriel Jesus
(Image credit: Getty Images)

Arsenal are still prepared to splash the cash this summer even if they miss out on the Champions League, according to reports. 

Back-to-back defeats by Tottenham (opens in new tab) and Newcastle (opens in new tab) have left the Gunners two points adrift of the top four heading into the final weekend of the Premier League season. Due to their markedly inferior goal difference, Arsenal (opens in new tab) will almost certainly miss out on fourth place if Spurs avoid defeat by relegated Norwich (opens in new tab) on Sunday.

There was some concern that Mikel Arteta would not have much money to spend if Arsenal were only in the Europa League next term. But according to the Daily Telegraph (opens in new tab), there will be funds available for the Gunners to strengthen their squad ahead of the 2022/23 campaign.

Mikel Arteta

(Image credit: PA)

Arsenal were the highest spenders in the Premier League last summer, splashing out  £156.8m on the likes of Ben White, Aaron Ramsdale and Martin Odegaard.

And the aforementioned report states that Arsenal are prepared to "significantly invest" in the squad again in the coming months, in a bid to break into the top four. A striker is said to be one of Arteta's priorities, with Eddie Nketiah and Alex Lacazette both out of contract on June 30.

Manchester City (opens in new tab)'s Gabriel Jesus remains a key target but Arsenal's failure to qualify for the Champions League could lead to the Brazilian favouring a move elsewhere.

Phil Foden and Gabriel Jesus

(Image credit: Getty Images)

The north Londoners were able to clear a large amount of space in their wage bill in January, though, offering hope that they will be able to entice players of Jesus' calibre.

Pierre-Emerick Aubameyang's move to Barcelona (opens in new tab) in the mid-season market freed up around £350,000 per week. Lille striker Jonathan David and Everton (opens in new tab) frontman Dominic Calvert-Lewin have been identified as potential alternatives to Jesus, who is weighing up his options ahead of the summer.

Arsenal will conclude their campaign at home to Everton on Sunday.

More Arsenal stories

Arsenal have been linked with one Borussia Dortmund star whose contract is up in 2023 – and he doesn't look likely to renew.

The rumour mill is going into overdrive over who Arsenal will bring in to fill the centre-forward spot in the team next season. Tammy Abraham has been heavily linked since last summer with those whispers refusing to go away, Ivan Toney has entered the frame as an option, while "the new Thierry Henry" has been touted.

Gabriel Jesus is a big rumour doing the rounds right now, as is Darwin Nunez, who Manchester United are reportedly closer to signing. Another Brazilian wonderkid is also apparently in talks.

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Greg Lea is a freelance football journalist who's filled in wherever FourFourTwo needs him since 2014. He became a Crystal Palace fan after watching a 1-0 loss to Port Vale in 1998, and once got on the scoresheet in a primary school game against Wilfried Zaha's Whitehorse Manor (an own goal in an 8-0 defeat).