According to Hamburg sporting director Frank Arnesen, the Gunners have an eye on Rene Adler (via Goal.com):
But with Stoke and Sunderland putting hefty price tags of around 18 million euros on their players, the Arsenal manager has started looking elsewhere, with Adler likely to come at a much lower price - but Arnesen has revealed an approach has yet to take place.
"We know Arsenal are looking [at Adler], but no one has contacted us yet," the 56-year-old told Bild.
While we're obviously very early along in the process (the transfer window doesn't even open for another two months), this is an intriguing development.
Begovic and Mignolet have both been impressive in the Premier League this season and would serve as quality replacements should Arsenal indeed part ways with 23-year-old Wojciech Szczesny.
Adler, however, represents the frugal option.
That's not meant as a slight toward the 28-year-old German goalkeeper. He has racked up 108 saves and seven clean sheets in 29 Bundesliga starts this season, helping propel the Red Shorts from 15th to eighth in his first season.
He looks more than prepared for a potential switch to the EPL—and departure away from Bayern Munich, which scored 12 goals in two matches against him this year.
In the end, though, this would represent a money-saving move that has often defined—and provided grounds for criticism of—the Wenger era in the recent past.
Saving money can be a good way to run a sustainable business, but it's unlikely that many Arsenal supporters are keen on replacing a stellar young keeper who has plenty of room to grow with a cost-saving option who looks good on the books.
Nevertheless, with the rate things are going, dozens of other potential targets for goal will pop up between now and July.