Arsenal owner Stan Kroenke is providing the club’s management with a £105 million war chest for this winter.
The Gunners will be active in the January market, as they attempt to bring in more quality depth to their squad.
Manager Mikel Arteta knows that he cannot leave his squad light for the second part of the campaign, especially as they have a chance to win the Premier League.
According to Relevo, Arsenal has a sizable budget for winter transfers alone.
They will target the likes of Shakhtar Donetsk winger Mykhaylo Mudryk, and Serie A duo Dusan Vlahovic and Sergej Milinkovic-Savic.
Mudryk is widely understood to be their priority, as the club want to get his transfer over the line as soon as possible.