The North London club were believed to be eager to sign the 31-year-old over the winter transfer window in order to boost their attacking lineup, but couldn't bring a deal about with the Spanish powerhouse.
However, according to latest reports from The Daily Mirror, Arsenal manager Arsene Wenger will head into the 2013 summer transfer window with plenty of cash reserves to spend on players and Villa will once again be touted as a transfer target:
Arsenal last week announced they have cash reserves of £123.3 million and Wenger will have around £70 million to spend on transfers if the club finish in the top four.
The Daily Telegraph report, however, states that even if Arsenal don't finish inside the top four, Wenger will still likely have around £70 million at his disposal due to "the release of advance funds from the new Emirates sponsorship deal." That number would therefore be higher if Arsenal did finish in the top four and received the reported £35 million in Champions League money they would likely earn.
Thus, with all that money on hand, a summer bid and attempted signing of Villa isn't at all out of the question for the North London club in 2013.
However, if the club are going to be smart with their money—something that the Londoners definitely take pride in—then they need to drop their interest in Villa.
Trying to sign him over the summer would not be a wise move to make.
Big questions exist about his form, age and price tag—all of which combined are enough to cause doubt about the value of this transfer. Villa be 32 at the end of 2013, and whilst he has no doubt had a very successful past, that form doesn't seem to be existent for the Barca striker now.
Villa has received little playing time for the Catalan club and scored just two goals since Christmas as a result.
For a club that's likely looking for a marquee signing to match with Olivier Giroud and give the club consistent production all year long, the Spanish international doesn't seem like the wisest of moves to make—especially given the talent that's already out there.
Finding a guy that's both younger than 31 and cheaper then £17.5 million (per Transfermarkt) surely won't be that hard for the North London club this summer.
Having said all of that, perhaps the biggest reason why the Gunners need to drop their interest in Villa is not because of the striker but their current position.
If they don't end up making the top four—which is becoming a very real possibility by the end of this year—the Gunners will struggle to attract the big names of world football to their club. Meaning they will struggle to sign Villa without Champions League football to offer.
Should that be the case, Arsenal don't want to spend all of their summer trying to sign a guy who is simply going to turn them down time after time. They can ill afford to give up the opportunity of signing some young, fresh talent by wasting their time on Villa.
That's the last thing the London club can afford to have happen.
Wenger would be shrewd to look to the summer transfer window to stack his squad with talent right across the pitch—not bringing in one big-name signing.
He has the money on hand to do so, but quickly won't have much left if he spends £20 million to bring in an out-of-form striker who could be done in two years.
It just doesn't seem worth it at the moment.
Do you think Arsenal should make a move for David Villa again?
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