Arsene Wenger will have the funds available to make another big signing when the transfer window reopens in January, the Mail Online understands.
The Gunners broke their transfer record during the summer by bringing in Mesut Ozil for £42.4m, and the club will be able to bring in a player of similar stature in the winter window.
The Daily Star believe that player could be Real Madrid striker Karim Benzema, who was linked with a move to the Emirates last month.
The France international endured a tough time from Madrid supporters during the La Liga side’s 4-1 win over Getafe last night, and according to reports in Spain, feels like he doesn’t have the full support of new manager Carlo Ancelotti.
He has still managed to bag four goals in seven appearances so far this season, and if allowed to move, would provide much need support in the strikers department.
Elsewhere, the club will make a move for Basle defender Fabian Schar, according to the Metro.
As well as being short in numbers upfront, in Laurent Koscielny, Per Mertesacker and Thomas Vermaelen, have just three senior central defenders on their books.
Switzerland international Schar, 21, has impressed over the past twelve months, and remarkably has five goals in ten games so far this season.