Arsenal's latest transfer news is either going to be greeted with barely contained enthusiasm or treated as the stuff of dreams. That will all depend on how much stock you put in reports linking the Gunners with moves for Germany centre-back Mats Hummels, as well as Ligue 1 strikers Edinson Cavani and Radamel Falcao.
Those are the names currently doing the rounds. It seems that manager Arsene Wenger's willingness to spend big this summer has several reporters believing once he's started he won't be able to stop.
Here's the latest Arsenal transfer news, beginning with proposed moves for Cavani and Falcao:
Wenger Keen on Cavani and Falcao
Reports in France suggest Wenger is ready to finally get serious about recruiting a marquee striker. He has apparently made disgruntled pair Edinson Cavani and Radamel Falcao his top targets.
That's according to French publications L'Equipe and LeSport 10 (h/t Sport Witness):
L'Equipe report on Sunday that Arsenal are interested in bringing the Edinson Cavani and Radamel Falcao to England. The Uruguay international has been the subject of speculation of a move away from the French champions all summer with the likes of Manchester United and now Arsenal being linked with the forward. Falcao is more heavily linked with Real Madrid but the prospect of a Premier League transfer cannot be ruled out.
LeSport 10 have picked up on the latest comments Claudio Anelluci made to the French press in which he revealed that a third English club are now interested in signing his client and this is Arsenal.
Let's start with the obvious implication first. Either player represents a significant upgrade on current Arsenal centre-forward Olivier Giroud.
The ex-Montpellier man's link-play is certainly good. However, his movement is often ponderous, and he lacks confidence and guile in front of goal.
Those latter qualities are certainly not missing in Falcao. The veteran Colombia sensation is a deadly natural predator.
Falcao comes alive whenever he gets the ball in and around the box. He can poach his goals as well as craft them via clever skill.
However, there are several caveats to this rumour. First, the player is only recently returned from a major ACL injury. Yet that might not be such a problem.
Wenger got a firsthand glimpse of the player's recovery progress during Arsenal's recent 1-0 defeat to AS Monaco in the Emirates Cup. Falcao scored the game's only goal and certainly looked sharp.
The real doubts exist due to Monaco coach Leonardo Jardim stating the player is staying in France, per Daily Star reporter Chisanga Malata. If Jardim's mind is going to be changed, it'll most likely be Real Madrid who change it.
Los Blancos have been heavily linked with bringing the player back to the Spanish capital, per Tony Barrett of The Times (subscription required). Falcao's preference to return to the city where he previously starred for Real's local rival, Atletico Madrid, could put Cavani more within Arsenal's reach.
The Uruguay ace struggled for large portions of last season while playing second fiddle to Paris Saint-Germain star Zlatan Ibrahimovic. Cavani wanted to be the main striker through the middle.
Ironically though, the player actually looked good in a supporting role behind maverick striker Luis Suarez, during the early stages of the 2014 FIFA World Cup.
Wenger would likely be intrigued by Cavani's flexibility. However, this rumour may have been started by reports this week from Cavani's agent, naming Arsenal as one three clubs who have made previous inquiries, per Lee Hurley of Metro.
One thing worth noting is that Wenger has been linked with both Falcao and Cavani in the past. Daily Mail writer Bob Cass suggested a £30 million bid for Cavani in late 2012.
Should Wenger Spend Big on Falcao or Cavani this Summer?
There have been recent indications that Wenger is not yet finished revamping his attack. A proposed moved for Shakhtar Donetsk forward Douglas Costa was mooted but has collapsed over a fee, per Daily Express writer Anthony Chapman.
But if Wenger really wants to add another striker, he won't find better replacements for Giroud than Falcao or Cavani in this market.
Gunners to Rival Manchester United for Hummels
If you thought the links to Cavani and Falcao were outlandish, how about a proposed move for Hummels? Daily Mail reporter Rob Shepherd believes Wenger is ready to spend a fortune to snatch Hummels out of the grasp of United boss Louis van Gaal:
Arsenal are ready to challenge Manchester United for German centre-half Mats Hummels.
So far United have failed to agree a fee with Borussia Dortmund for the World Cup winner, with the German club wanting a sum in excess of £25million.
Arsenal, though, could come up with the cash after the sale of Thomas Vermaelen to Barcelona on Saturday.
It's difficult to believe Wenger will make such an investment, unless he thinks he actually has a legitimate chance to sign Hummels. Even then, it would require separating the partnership between Per Mertesacker and Laurent Koscielny.
That pairing has led a mild defensive revival in recent seasons. Despite some high-profile collapses in big games, Mertesacker and Koscielny complement each other well.
That's not to say Hummels wouldn't be a very useful asset. A powerful, ball-playing centre-back would always be welcomed in Arsenal's possession-based style of football.
Wenger Prepared to Wait for Khedira
Arsenal's precarious proposed move for Real Madrid midfielder Sami Khedira has taken yet another twist. It seems Wenger is prepared to play the waiting game to lure to contract rebel to North London.
Khedira, according to Sport, has been talking with three Premier League clubs this summer: Arsenal, Manchester United and Chelsea.
Meanwhile, Sport suggest that Arsenal will wait until the final day of the summer transfer window to test both Real Madrid and the player himself.
This is a decent ploy by Wenger. Khedira only has one year left on his current deal, a situation that could force Madrid into a desperate deal.
The Gunners certainly need Khedira. He has the energy, drive and power few members of Wenger's current midfield can offer. Only talisman Aaron Ramsey provides this vital blend of attributes.
Khedira would be a fantastic midfield partner for Ramsey. The two would rotate positions at will, ensuring cover and support at both ends of the pitch.
Can Wenger Risk Waiting for Khedira?
The latest transfer rumours at least prove many reporters remain convinced that Arsenal's summer-recruitment drive isn't finished. If Wenger makes room for one more major signing, it should probably be Khedira.
However, considering the problems he's had replacing prolific ex-captain Robin van Persie, the Gunners boss may find it hard to resist Falcao or Cavani.