Despite Arsenal's recent FA Cup triumph, their alarming tail-off in the second half of the Premier League season proved they need to strengthen if they are to make a proper tilt at the title next season.
Reinforcements are required throughout the squad as manager Arsene Wenger needs to add cover in various areas to avoid fatigue over a long term.
The Gunners continue to be linked with a variety of players from across Europe and here we take a look at the latest news concerning Carlos Vela, Stephan El Shaarawy and James Millner.
Rumours are abounding that former Arsenal man Vela may return to the Emirates having left the Gunners for Real Sociedad in 2012 after an unsuccessful career in North London.
The 25-year-old is reportedly of interest to Arsenal who may activate the buy-back clause in his contract worth around £3 million if they cannot snap up QPR's Loic Remy, per Ben Jefferson in the Daily Express.
Vela himself seems to be open to returning to the Gunners, per Sky Sports:
If I have to return, I will do things in a different way. What happened in the past will not be repeated.
We will try and reach an agreement in which we all win - Real, Arsenal and me. We must see what can be done.
We will decide what will be my future, it is all about finding the best way to be happy.
The Mexican forward bagged 16 goals in La Liga, per Squawka, as Sociedad finished the season in seventh place.
However, Jefferson's piece suggests Arsenal's interest in Vela is in fact part of a convoluted plan to bring his teammate Antoine Griezmann to the Emirates.
Supposedly, Arsenal believe they can get the jump on Manchester United and Chelsea for the French international star's signature by buying Vela back and then using him as bait.
Per Jefferson's report, Wenger believes he can get ahead in the race to sign the 23-year-old:
According to reports in Spain, Wenger is willing to bring Vela back to the club and use him as part of a swap deal for Griezmann unless Sociedad give the north London side preferential treatment in transfer negotiations.
It now remains to be seen whether Wenger's audacious plan pays off or whether he is left with Vela on his books next season if it all backfires.
While a dangerous plan, if successful, Wenger will have pulled off a real coup. Griezmann is a classy midfielder who would add real flair to Arsenal's attack as well as goals, as he scored 16 in the league this season, per WhoScored.com.
El Shaarawy's Agent Gives Arsenal Hope
AC Milan striker El Shaarawy has struggled for fitness this season and may be looking to leave the Italian giants as he has become a peripheral figure after a lack of playing time.
The 21-year-old's agent, also his brother, Manuel El Shaarawy told Football Italia via talkSport:
He always put in the performances when fit and his last two appearances showed he has found his form after a long lay-off.
Will his future be at Milan? We'll have to wait and see what the club decides. Stephan is certainly an important player, but there are many changes going on.
He has always been a Milan fan, so the intention is to stay, but we need to evaluate all the situations. We have to see what Milan decides.
He only made six appearances in Serie A this season as Milan finished a lowly eighth, but Wenger would do well to try and bring him to North London.
He scored 16 goals last season, per Squawka, and he is still so young that he could be a long-term Gunner and a terrific partner for Olivier Giroud in Arsenal's attack.
His performances at the end of the season show he still has all his dynamism and skill, beIN Sports commenting on his contribution during Milan's final-day win over Sassuolo:
Milner Wants Out
James Milner is reportedly unhappy at Manchester City and wants a move to a club where he would get more playing time.
According to Ian Herbert in The Independent, the 28-year-old England international is desperate for more games and is not confident of getting them at the Etihad, especially after he was left on the bench for City's Capital One Cup triumph:
The Englishman has rejected a four-year deal after starting only 21 games in all competitions last season.
Milner also justifiably felt that he made City look a different team after arriving from the bench in a wide role at Anfield on 13 April. However, that does not appear to have changed his place in the pecking order.
Milner, while not the most glamorous of players, is a terrific midfielder who can play across the middle and would provide solidity in defence as well as attacking impetus to Arsenal.
Per WhoScored's Ali Tweedale, Milner is more effective than many might expect and there would be no gamble in Wenger bringing him to the Emirates:
Wenger needs more goalscorers, with only Giroud scoring more than 10 in the league this season per BBC Sport. Any of Vela, Griezmann or El Shaarawy would likely provide them.
Unlike in seasons past, Wenger must look to spend a bit of money to make sure that next term Arsenal can maintain their standards across a full campaign.