Arsenal finished third in the Premier League in the 2014-15 campaign, ending up 12 points behind champions Chelsea.
However, their 2015 form was stunning and led to great optimism that a title challenge can be launched next term.
Nevertheless, the Gunners will need a handful of top signings in order to give Chelsea a good run for their money.
And according to the British media this week, Arsene Wenger is ready to splash the cash.
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Former Napoli star Jose Alberti has said that he is 90% sure Argentina striker Gonzalo Higuain is heading to the Emirates Stadium this summer. The Metro, who reported this story, claim that the 27-year-old is worth £42m.
Meanwhile, the Daily Star say that Arsenal are very interested in Edin Dzeko, who is apparently available for £20m from Manchester City.
Finally, Chelsea goalkeeper Petr Cech continues to be linked – by various sources – with a £10m switch to North London.