With another trophy-less season on the cards after their 3-1 home thrashing by German giants Bayern Munich, Arsenal will keen to strengthen their squad over the summer in order to return back towards the summit of European football. 

Having purchased just one player during the January window, namely Nacho Monreal, one can surely expect the Gunner to rope in at-least two or three first-team stars at the end of this season. 

Hence, International Business Times presents with a list of the three latest Arsenal transfer targets.

1) Fernando Amorebieta

According to Fernando Amorebieta's agent, Arsenal are in talks with the player for a possible free-transfer at the end of this term. 

Via Goal.com

Arsenal are in talks to sign Athletic Bilbao defender Fernando Amorebieta on a free transfer at the end of the season, according to the player’s agent.

Arsenal failed to agree a deal before the transfer window shut, but are seemingly still keen to recruit the player following the conclusion of his contract at the end of June..." 

With all the current centre-back underperforming this season, Arsenal need major strengthening in this avenue and Amorebieta could be a decent target to revamp the backline.

Blessed with astute pace, the 27-year-old possesses daunting aerial threat, tidy tackling skills and is currently entering the prime of his career.

Although he might not be the quite an upgrade from what Arsenal currently have, Amorebieta will add the much-needed depth and perhaps consistency to North Londoners’ play.

2) Simon Mignolet

According to various transfer stations, Arsenal are currently in the market for a new ‘keeper and the latest player to have been linked with the former FA Cup holders is Sunderland’s Simon Mignolet.

Via The Journal

“Former Black Cat Steve Bould has been seeking testimonials on Sunderland goalkeeper Simon Mignolet as Arsenal consider testing Martin O’Neill’s resolve to keep hold of the Belgium international this summer.”

Mignolet is regarded as one of the best and underrated exponents of his art in the Premier League and the player has also attracted interest from the likes of Liverpool and Manchester United.

No matter how talented he might be, Wojciech Szczesny is just not prolific enough in front of the Arsenal goal. He makes clumsy errors, is horrendous with ball distribution and just can’t command a back-four with cohesion. Against Bayern Munich, the young shot-stopper was at fault for the German’s second goal and frankly, Mignolet will come in as a much more reliable and talented option than Szczesny.

Luiz Gustavo

Wayne Veysey of Goal.com has reported that Arsenal are mulling over a bid for Bayern Munich’s £15 million-rated Brazilian Luiz Gustavo.

The latter is a promising defensive-minded midfielder who can contribute well at both ends of the pitch. Arsenal have failed to replace Alex Song until now and hence Gustavo’s arrival could bring about a major boost to the club’s midfield.  

However, although the 25-year-old might have seen his playing time shrunk at the Allianz Arena since the arrival of Spain international Javi Martinez he is still a vital part of the Bayern side and it is unlikely that the Bavarians would let go of the midfielder in the summer.