Arsenal are working on deals to sign Real Madrid attacking pair Karim Benzema and Angel Di Maria.
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The Gunners are prepared to pay £40m for 25-year- old France striker Benzema after missing out on Gonzalo Higuain and Liverpool's Luis Suarez.
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Arsenal boss Arsene Wenger also wants Argentina left-winger Di Maria, 25, and is understood to be chasing a keeper and a defender as well.
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The Londoners won 3-0 at Fenerbahce in the Champions League on Wednesday.
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It means they are in control of the qualifying play-off tie heading into the second leg at Emirates Stadium on 27 August and should they reach the Champions League group stage for a 16th consecutive season, it could help attract transfer targets to the club.
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Wenger is a long-term admirer of Benzema, who joined Real from Lyon for an initial £30m in 2009, while Di Maria arrived at the Bernabeu from Benfica a year later.
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Arsenal's only summer signing to date is the 20- year-old French striker Yaya Sanogo on a free transfer from Auxerre, but it is thought they could spend close to £100m by the close of the transfer window at 23:00 BST on 2 September.
That's what they keep saying and then nothing will happen @ the end of the day. Arsene Wenger just needs to be SACKED!