Arsenal fans will be waking up this morning to the news that finally, their club is about to re-enter the top end of the transfer market. It will seem for some fans that this awakening is at the end of a long period of hibernation. However, in keeping with Wenger`s whole philosophy about finances, now that the club are free from the debt from their new stadium, they can concentrate once more on matters on the field. This situation has also been helped by the new television deal coming in the approaching season, and the promotional deals done by the clubs financial directors in recent weeks.

Arsenal chief executive Ivan Gazidis promised 'an escalation in our financial firepower' last week and it seems that Wenger has not lost any time in making his moves for three top flight players. His first and well publicised target is Gonzalo Higuain, who is currently a Real Madrid player. Higuain has been told that he can leave the club and a fee of around £25m will suffice for him to join Arsenal. Higuain has made clear that he is not averse to a move to Arsenal and wants to try his luck in the premiership. Arsenal certainly could do with a striker of his capabilities after years of false starts up front.

Wenger also knows that he needs to bolster his midfield and Borussia Dortmund's Ilkay Gundogan fits the bill perfectly. Gundogan was influential in Dortmund finishing second in the Bundesliga and their march to the Champions League final. The fee being mentioned for Gundogan is £20m and this would be in excess of the last sizeable fee paid by Arsenal, for Arshavin at £15m in 2009.

As always with Wenger, nothing is left to chance, so he is also making a move for Bayer Leverkusen's Lars Bender just in case the Gundogan deal fails. Bender has emerged as a top player in Germany and has 14 international caps to his name already. A slightly smaller fee of around £15m is expected to tempt Bender from Leverkusen.

Arsenal is also looking for another centre half as it seems that Wenger has fallen out with Thomas Vermaelen. In 2011-12 season, the centre back was Arsenal`s most reliable player and was captain, however, a string of poor performances this last season has seen him stripped of the captaincy and put on the transfer list. Wenger has not made clear who he will be looking at to fill this role as yet, so we will have to wait and see what transpires in the coming weeks as we near the start of the transfer window on 1st July.

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