Arsene Wenger is going to have to spend some money this summer if he wants to keep his job.
Yet again, this was not meant to be Arsenal's year.
It isn't awful that the Gunners are currently fighting for a UEFA Champions League spot along with Chelsea and Tottenham.
But something needs to change this upcoming season if Arsenal fans want to see their team actually compete for the Premier League title.
Arsene Wenger is going to have to start spending some more money.
With a budget of around £70 million available for the Frenchman to exploit, Wenger can strengthen his squad and make it more competitive than it has been in recent years.
More quality players may come to the Emirates in the upcoming season.
Here are a few names that are being tossed around in the rumor mill.
Jeremy Toulalan is a defensive midfielder which is a position that the Gunners need to fill.
Arsenal has its eyes on defensive midfielder Jeremy Toulalan.
The Frenchman currently plays for Malaga, but given Malaga's financial problems, Toulalan could be sold.
According to French newspaper L'Equipe via Charles Perrin of The Express, Toulalan is happy at Malaga and enjoys playing football there. However, the player is aware that the team may not be able to refuse an offer for him.
Arsenal should be on the lookout for a defensive midfielder. The club currently converts players from other positions into that role. Most often, Mikel Arteta is used. Although Arteta grew up playing defensive midfield, he is much better in an attacking role.
Should Wenger sign a natural defensive mid like Toulalan, Arsenal could see much improvement as some players, like Arteta, move into the spots that they feel more comfortable in.
Iker Casillas is being linked with an incredulous move to Arsenal.
Oh how doubtful this is.
Paul Brown of The Daily Star is reporting that Arsenal will make a move to attain star goalkeeper Iker Casillas.
Brown based this speculation from a Casillas quote last week.
Casillas told reporters, "I want the fans to remember me as a player who wore the Real shirt with pride."
I guess that's enough to get the rumors going.
Let's pretend that Casillas really does want out of Real Madrid.
Arsenal could undoubtedly use his talent. Wojciech Szczesny has struggled throughout this season and does not look like he deserves to be a number one goalie.
But again, the odds of Casillas joining Arsenal are quite low.
Bill Mann of The Week UK states that Casillas has a "frosty relationship" with Madrid boss Jose Mourinho. However, if Mourinho fails to win the Champions League, he's probably going to be out of a job. Casillas will not have to worry about him and can go on with his life in Madrid.
But if you want to dream about Casillas joining Arsenal, go ahead.
Gonzalo Higuain is being linked to both Tottenham and Arsenal.
Gonzalo Higuain may be heading to North London, but will it be to Tottenham or Arsenal?
Daniel Jones of Metro.co.uk states that both Tottenham and Arsenal may be after the Argentine striker.
Higuain is being linked to Tottenham through a deal that would send Gareth Bale to Real Madrid.
Arsenal is on the lookout for a striker to replace the hole Robin van Persie left. Olivier Giroud has not proven himself as a viable asset to Wenger's attack just yet.
Higuain is a hot commodity. But at Real Madrid, he is constantly fighting for playing time as he faces competition from Karim Benzema, Alvaro Morata and Jose Callejon.
The fact that there are teams in the Premier League that are willing to give the Argentine minutes could prove to be a deciding factor.
Many teams will be vying for Loic Remy's signature during the transfer window.
The Frenchman has been on Arsenal's radar in the past, but the Gunners never secured him. This time around, Remy's club QPR seems destined for the Championship.
The Express' James Dickenson reports that Remy has a clause in his contract which allows him to leave if QPR is relegated. He would be available for about £4 million.
Numerous other teams aside from Arsenal are interested in the French international as well, including West Ham and Tottenham.
However, it is expected that Arsenal will part ways with Marouane Chamakh, Nicklas Bendtner, Ju-Young Park and Andrei Arshavin this summer. This will make room for Remy should Wenger decide to go after him.