The Guardian claims Arsenal want to sign a new striker and winger to bolster Mikel Arteta squad for next season.
The Gunners are considering Newcastle United striker Alexander Isak as a transfer target this summer after impressing with his performances in the Premier League.
However it could cost up to 100 million to sign the Swedish striker who the Magpies do not want to sell.
Arsenal are also interested in signing Crystal Palace winger Michael Olise to further strengthen Arteta attack.
Olise has scored nine goals six assists and three assists in 13 Premier League appearances this season and is also followed by Man United.
However the 22-year-old has a release clause of around 65 65million on Crystal Palace contract which could happen in the summer.
However for now Arsenal biggest priority is to sign a new center-forward after seeing Gabriel Jesus and Eddie Nketiah fight for consistency this season.