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Bolton's Gary Cahill, left, is a realistic target for Arsenal
The obvious point that needs to be addressed, with the sale of Fabregas for a reported £35 million and with the coming sale of fellow midfielder Samir Nasri, the Gunners are turning a tidy profit on their midfield creativity.
While Arsenal have demonstrated that they are arguably the best-run football business in the world, a large portion of that money needs to be reinvested into the playing squad.
Does that money need to be spent on the transfers of big-names like Wesley Sneijder? Not necessarily—but when you lose players the quality of Fabregas and Nasri, something must be done.
This weekend's match at Newcastle demonstrated that the Gunners are seriously lacking creativity in the side, and it needs to be addressed as soon as possible.
Over the last two seasons, Arsenal have also been screaming for defensive reinforcements, and the early summer departure of Gael Clichy to Manchester City has only exasperated this. With this new transfer money, it allows the club to address the issues.
Rumors have linked the Gunners with a number of big moves all summer, with only Gervinho and talented Southampton youngster Alex Oxlade-Chamberlain to show for it.
But links with Valencia winger Juan Mata, Bolton defender Gary Cahill, Blackburn Rovers defender Christopher Samba and Lyon attacking midfielder Yoann Gourcuff may change things.
While it is doubtful that Arsenal are going to splash out on a number of players the quality of Sneijder, these targets are both realistic and would significantly improve the squad.