They are also interested in bringing in a winger, a left-sided center-back, and a right-back.
During the summer transfer window, Arsenal manager Mikel Arteta is said to be interested in signing a midfielder and two new strikers.
Arsenal are looking to rebuild their squad in preparation for the 2022-2023 season, as they continue to push for Champions League football.
Arsenal are also interested in bringing in a winger, a left-sided centre-back, and a right-back to help strengthen their squad, according to The Evening Standard.
However, the size of Arsenal's summer budget is said to be determined by how well they perform this season.
If Arsenal qualify for the Champions League, they will be given a larger budget to spend during the summer transfer window.
If that is the case, Arsenal will look to sign a quality striker to replace Pierre-Emerick Aubameyang, who has moved on to Barcelona.
Unners had previously attempted but failed to sign Dusan Vlahovic. They are now said to be considering Alexander Isak, Dominic Calvert-Lewin, or Jonathan David.
The Gunners are also said to be monitoring Benfica striker Darwin Nunez, who impressed the Premier League giants during the first half of the season.
If none of the above are available, Arsenal will look to sign Armando Broja. However, they do not believe Chelsea will be keen to sell the 20-year-old - who is currently on loan with Southampton.
Nonetheless, Arteta is determined to add a striker to his squad, despite the fact that Alexandre Lacazette and Eddie Nketiah have yet to sign contract extensions with the club.
Arsenal are also said to be keeping an eye on Middlesbrough's Djed Spence after a string of impressive performances piqued the interest of several Premier League heavyweights.
A right-back, on the other hand, is said to be low on Arsenal's priority list. As a result, it appears likely that their Premier League rivals will sign him first.
Arsenal currently sits in fourth place in the Premier League table. They are one point ahead of Manchester United and will try to keep their Champions League spot in the coming weeks.
Arsenal will return to action when they face Leicester City in their Premier League clash on Sunday afternoon.
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