The Gunners narrowly missed out last summer and have added just one new player to their squad so far.
Wilfried Zaha and Kieran Tierney are other targets for Arsenal, but both deals are proving tricky to get over the line.
Celtic want £25m for Tierney, but the structure of payments in the deal is causing a blockage, with Arsenal trying to squeeze as much value as possible out of their paltry £45m budget.
Signing Zaha will likely prove even more tricky, with Crystal Palace demanding around £80m for their prized asset.
Arsenal have until 5pm on August 8 to get deals over the line, and it’s claimed the squad are getting twitchy about their progress on the transfer front.
The Mirror report they want signings, fearing that unless more bodies are drafted in they won’t be able to close the gap on the top-four.
Manchester City and Liverpool look unlikely to drop out of the Champions League spots and rivals Tottenham have spent heavily so far after reaching the Champions League final last term.
“Arsenal’s squad are eager for new signings to arrive”
Manchester United have signed Dan James and Aaron Wan-Bissaka and the likes of Harry Maguire, Bruno Fernandes and Nicolas Pepe could follow.
London rivals Chelsea, who finished third last season, haven’t spent a penny due to a transfer ban and have new manager Frank Lampard in the hotseat following Maurizio Sarri’s defection to Juventus.
Speaking earlier this month, Gunners boss Unai Emery said of their plans: “Our target is to achieve three or four players who really improve our team and our squad now.
READ MORE: Wilfried Zaha to Arsenal deal now just 50/50
“We have very good players and very good young players who can progress to take and get big performances with us. Other players can come here to help us.
“We are being very, very demanding and we are first speaking about the possibility to sign very big, very expensive players.”