Arsenal Transfers: 5 Players Still on Gunners' Radar
So it's come to this—just a few weeks until the transfer window slams shut, Arsenal have yet to make a meaningful signing.
A few months ago, it was reported by sources including the Mirror that Arsenal had £70 million to spend on players to ensure such a close-run battle for the top four would not happen again.
Despite being linked with plenty of outstanding players, Arsenal have yet to complete a significant signing that will close the growing gap between them and the three sides that finished above them last season.
There is still time, though, and here are five players that could yet make a late arrival at the Emirates.
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The Luis Suarez saga has dragged on for long enough to drive fans insane, yet despite Uruguayan journalist Martin Charquero reporting (via The Telegraph) this week that the 26-year-old was to remain at Anfield, his future remains up in the air.
Suarez swiftly denied the report, according to Kyodo News (via ESPN), creating doubt as to whether John W Henry will stay true to his word and resist bids to prise the team's best player away.
Arsenal are now being touted to come back with one last bid for the player, with The Telegraph reporting the Gunners will go as high as £49 million.
If Arsene Wenger is able to bring in a player of Suarez's proven, world-class talent, the long wait for a stellar signing will be somewhat justified.
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Michu was one of the revelations of the Premier League last season and would undoubtedly be an upgrade on what the Gunners already possess.
The Spaniard could be difficult to sign this late in the window, though, with Swansea manager Michael Laudrup quick to quell rumours that Arsenal could make a late bid for his talisman.
"Economically this club are very good, and I think if they (Arsenal) came in with a late bid, the reaction from the board and chairman will be 'no' even if the money is ridiculous," Laudrup told the South Wales Echo (via ESPN).
With Wilfried Bony arriving and European football on offer in Wales this season, Michu might see little point in pushing for a move to Arsenal at this current moment.
Given Wenger's reluctance to bid anything marginally over the valuation that he puts on a certain player, it is unlikely that Arsenal would even be able to offer enough to tempt Swansea.
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Should Arsenal's move for Luis Suarez fail to materialise, Edin Dzeko is a name that has surfaced as a potential Plan B.
The Manchester City striker might find himself out of favour under Manuel Pellegrini, even though Carlos Tevez and Mario Balotelli are no longer at the club.
City brought in Stevan Jovetic and Alvaro Negredo this summer, which means Dzeko might fancy a move away to ensure regular minutes on the pitch.
With Bosnia topping their group for World Cup qualification, Dzeko might feel a lack of starts could harm his country's hopes of making an impact in Brazil next summer.
Arsenal would be able to make him the main man at the Emirates, which might be hard to turn down.
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Jesus Gamez has emerged as a player that Malaga are willing to offer Arsenal in a part-exchange deal for Nicklas Bendtner, according to the Daily Mail.
The Malaga legend would be a sound buy for the Gunners, providing good cover and competition on the right in the same manner as Nacho Monreal and Kieran Gibbs do at left-back.
The 28-year-old would offer far more assurances to Arsene Wenger than Carl Jenkinson, who can be a complete liability at times.
A fan favourite due to his support of the club as a boy, Jenkinson is well short of the quality that Arsenal need and was embarrassed by Lorenzo Insigne in the Emirates Cup in preseason.
If Arsenal can obtain any sort of value in return for Bendtner, it would appear to be a deal worth making. With Bacary Sagna's contract expiring in less than a year, a season for Gamez to adapt to a new league could be a smart move.
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Having previously bid £6 million for the Wales international, the Gunners could be asked to double that figure if they want to push through a move.
The centre-back would not be the glamour signing that fans crave, but with proven experience in the Premier League, Williams could provide good cover.
Laurent Koscielny is the main man at the back for the Gunners now, and both Per Mertesacker and Thomas Vermaelen will fight it out to partner the Frenchman. Outside of that, options look slim.
Bacary Sagna has been used as an emergency centre-back on occasions during preseason, but Wenger would ideally want a more natural cover at this position, which could force him to return with an improved bid for Williams.