Arsenal are ready to spend £75 million on three new signings even before Mikel Arteta is officially appointed as manager, according to reports.
The 26-year-old is the leading candidate to replace Arsene Wenger and is reportedly set for talks with the Gunners hierarchy this week.
But The Sun claims that Arsenals head of recruitment Sven Mislintat is continuing to press on with transfer negotiations and is aiming for his three deals to be concluded by June 1.
The report claims that Arsenal are on the verge of completing a £15 million move for Borussia Dortmund centre-back Sokratis Papastathopoulos.
The Greek international is available for a cheaper fee as he has just one year remaining on his contract with Dortmund and has told the Bundesliga club that he will not renew.
Arsenal are also far down the line in talks for Freiburgs central defender Caglar Soyuncu, with The Sun claiming that Manchester City and Roma have been left trailing by the speed of Mislintats negotiations.
The Turkish defender is set to cost Arsenal £35m.
Mislintat is also looking for a long-term replacement for Petr Cech and has identified Bayer Leverkusens Bernd Leno.
The 26-year-old is said to be keen on a move to Arsenal, and the Gunners are prepared to spend £25m.
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