According to the Sun, the Gunners are looking to offload defenders Calum Chambers, Mohamed Elneny and Carl Jenkinson in a bid to sweeten the deal.
Arsenal have already had a £40million offer rejected by Palace who value their talisman at £80m.
Arsenal are set to offer three of their players and £40million for Crystal Palace’s Wilfried Zaha
Defender Calum Chambers (right) is one of the players that the Gunners are looking to offload
And Arsenal hope to match that offer on the proviso that they value Chambers, Elneny and Jenkinson at a combined £40m.
Arsenal manager Unai Emery is starting his summer shopping spree with one arm tied behind his back, however, after his side failed to qualify for the Champions League next season.
It means they have a starting budget of around £45million and are hoping to do a couple of deals on the cheap.
Mohamed Elneny (left) and Carl Jenkinson are the other two players they’re looking to offload
Zaha, who is currently away on international duty with Ivory Coast at the Africa Cup of Nations, has made Palace aware of his desire to leave.
And he has been given personal assurances by chairman Steve Parish, who he has a close relationship with, that he will not be priced out of a move and the south Londoners are not trying to stand in the way of him progressing his career.
Palace were angered by Arsenal’s opening valuation of Zaha but should they return with an improved offer that better reflects his market value and importance to Palace the south Londoners will be open to discussing a deal.
Arsenal saw a straight £40m offer for Zaha dismissed instantly by Crystal Palace last week