The busy Arsenal summer transfer period continues.

Arsenal chief executive Ivan Gazidis says the club has a substantial transfer budget and there is nothing holding Arsene Wenger back from signing a world-class player. 

Right now, there doesn't appear to be a superstar player that is available or even one on Wenger's radar. Rather, it's holding on to midfielders Cesc Fabregas and Samir Nasri that appears to be the club's current priority.

Left back Carl Jenkinson and forward Gervinho have arrived, but there are still other notable names that may be on their way.

Currently, the most prevalent rumour to join Arsenal is Newcastle left back Jose Enrique. The position is a little thin with the departure of Gael Clichy, and Enrique has proven to be a quality player for the Magpies and would likely make a solid addition for the Gunners.

According to the Daily Mirror, Arsenal is joined by Liverpool in the pursuit of Enrique, while The Guardian has reported that Barcelona are also interested in the 25-year-old Spaniard.

Daily Mail and The Times have both reported that Arsenal were interested in versatile defender Phil Jagielka this summer, and there doesn't seem to be any other competitors to stand in their way from adding him to their roster. It's uncertain how much Jagielka's transfer fee would be, and there haven't been recent discussions about a possible move from Everton.

The two papers have also reported that Scotland's Craig Gordon could be moved to Arsenal. With Manuel Almunia likely out, Arsenal will need another goalkeeper, but Brown is not certain to be the number-one starter with Wojciech Szczesny and Lukasz Fabianksi on the squad.

Almunia might be headed to Galatasary or Athletico Madrid.

A player that seems certain to be on his way out is forward Nicklas Bendtner. Interested clubs for the Danish forwards include Everton, Sporting Lisbon, Hamburg, and Borussia Dortmund, according to varied reports. Some papers suggest that Almunia and Bendtner might be transfered any day now.