Arsenal have identified Max Meyer and Yacine Brahimi as the two stars who can replace Mesut Ozil and Alexis Sanchez, according to The Sun.
The two players are likely to cost the Gunners £50m with AC Milan and Inter also interested in £35m Brahimi while Liverpool are keen on £15m Meyer.
Arsenal scouts have reportedly identified Brahimi as the perfect replacement for Sanchez and the Gunners have already contacted Porto about a summer deal.
The 27-year-old is as versatile as the Chilean, able to play out wide or up front but has managed just six goals for Porto this summer.
Meyer, meanwhile, is believed to have turned down a new deal with Schalke and Arsenal are keen to do more business with the Bundesliga side after agreeing a deal for Sead Kolasinac.
Arsenal have reportedly offered Sanchez a new deal worth £300,000-per-week although Wenger has also warned they will not be held to ransom by the Chile international.
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Ozil, meanwhile, has insisted he does not want to discuss his future currently and will wait until the end of the season for further negotiations.
While Brahimi and Meyer are undoubtedly quality players they do not possess the same star quality as Ozil and Sanchez and Arsenal fans may perhaps be expecting more from the club.
Of course much may well depend on where Arsenal finish the season and whether they have Champions League football to offer potential new signings for next season.