With the start of the Premier League season just weeks away, Arsenal are under pressure to show fans that they are capable of making a major push for silverware.
Manager Arsene Wenger is looking to improve his squad to avoid the tense finish of last season when the Gunners recovered from a poor start to the campaign before holding on to edge-out Tottenham for the final Champions League place.
While much of the speculation this summer has focused on the contract predicament of Robin van Persie, Arsenal may also lose another first-team regular with just a year remaining on his contract.
England international Theo Walcott has yet to show any sign of extending his Arsenal deal and the Gunners could well decide to cash-in on the 23-year-old. If a deal is done with one of his reported suitors Chelsea and Liverpool, then Wenger could turn to Wigan's Victor Moses, according to Metro and the Daily Mail.
Moses' days with the Latics look to be over, and the 21-year-old has received interest from Chelsea, who reportedly offered £4 million in June. According to Metro, Moses is valued at £12 million, while the Daily Mail estimates it will take £10 million to pry him away from Wigan. The Nigeria-born starlet, who represented England up to Under-21 level, would be affordable to Arsenal if the club received compensation for Walcott.
Wenger is also looking to bolster his defensive midfield options and, according to a report by TalkSport, the team is engaged in a battle with Barcelona for Etienne Capoue. The 24-year-old has spent the entirety of his club career with Ligue 1 side Toulouse. Capoue was named to the Ligue 1 team of the year last season, and the Daily Mail puts his value at £9.5 million.
Arsenal could face competition from Barcelona, who are interested in a replacement for defensive midfielder Seydou Keita. While an offer from the Catalan giants would be hard to turn down, the chance of a more regular place in the first-team at the Emirates could ultimately be more beneficial to his career.