Arsenal Transfer News and Rumours Tracker: Week of May 5

Charlie Melman@@charliemelmanCorrespondent IIMay 5, 2014

Arsenal Transfer News and Rumours Tracker: Week of May 5

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    With a place in the Champions League assured for Arsenal and only the FA Cup final to look forward to after one more meaningless Premier League game, it's time to peek over the horizon to the summer.

    When the transfer window reopens, Arsenal will have quite the rebuilding task. Lukasz Fabianski, Thomas Vermaelen and Bacary Sagna are all likely to leave, and the squad still needs another striker and defensive midfielder to be exceptional.

    Luckily, the Gunners now have adequate resources at their disposal to pursue the best targets in football. Whether Arsene Wenger will do so is another matter entirely.

    For now, let's look at what the rumor mill has cooked up this week. 

Bacary Sagna to Hold Talks with Manchester City

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    According to David Kent of the Daily Mail, Bacary Sagna and/or his representatives plan to meet with Manchester City to discuss a free transfer when the Frenchman's contract expires.

    The article states more evidence for the conclusion at which almost all rational Arsenal fans have secretly arrived but do not want to confront: that Sagna will be off when his deal runs out at the end of the season.

    Though the club and its supporters have accepted this, neither would like to see Sagna compete against Arsenal in the Premier League. Many would prefer him to move abroad. 

Loic Remy's Attendance Fuels Transfer Speculation

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    Everyone knows that Arsenal desperately need to add another striker this summer. Therefore, the press foamed at the mouth when they saw Loic Remy of Newcastle attend Arsenal's last match against West Bromwich Albion.

    The Frenchman is on loan at Newcastle and is owned by Queens Park Rangers, with whom Arsenal would have to negotiate for his transfer. He has scored 14 Premier League goals this season, only two less than Olivier Giroud, in only 26 games.

    Arsene Wenger was quick to scuttle the link after the West Brom match, though. According to the Daily Mail, which reported on the speculation, he said: "I have just been informed Loic Remy was here. I honestly did not know. I hope he paid for his ticket." 

Arsenal Planning Surprise Move for Diego Costa

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    Atletico Madrid's stunning ascent to the top of the table in Spain and progression to the Champions League final is largely attributed to Diego Costa.

    Since Radamel Falcao's departure, Costa has singlehandedly taken up the striking burden for his side and has dismantled every opponent he has faced.

    He is widely expected to depart Madrid this summer for another club that will inflate his wages significantly—and most of those stories have linked him with cash-flush Chelsea.

    However, the Mirror is reporting that Arsenal will try to nudge their crosstown rivals out of the way by matching Costa's £31 million release clause.

    While the Gunners are eminently capable of meeting such a fee, Chelsea are as well. Furthermore, Roman Abramovich will certainly be able to outcompete Arsenal in a bidding war after the two earn their places at the negotiating table.