Arsenal are closing in on the signings of Lucas Perez who plays for Deportivo La Coruna and Shkodran Mustafi who plays for Valencia. This news was broken by the reliable David Ornstein who works for the BBC.

Shkodran Mustafi will undergo his Arsenal medical on Monday in the event of Arsenal agreeing on a fee of about £25.9million on Friday, La Gazzetta dello Sport journalist Emanuele Giulianelli reports.

The German international missed training because of a muscle strain, which is seen as a hindrance to the deal. However, Arsenal are ready to launch a formal bid if the injury proves a minor concern.

Arsenal are hoping to complete a deal for either Shkodran Mustafi or Jonny Evans before their Premier League campaign commences on Sunday against Liverpool, according to Adrian Kajumba of the Mirror.

The Gunners have been heavily linked with both defenders all summer, but it seemed as though they had ended their interest at one point. However, Gabriel Paulista’s injury – an injury that could keep him out of action for long – has forced them to rekindle their interest. With skipper Per Mertesacker pencilled in to return only in January 2017, Arsenal can be expected to make moves in the coming days.

Arsene Wenger is preparing an audacious player-plus-cash move for striker Mauro Icardi. Luca Pessina of La Gazzetta dello Sport reported on Monday morning that Arsenal could splash £29million and also throw their first-choice striker Olivier Giroud at Inter Milan to secure the services of their skipper.

The 23-year-old striker has been linked with a move away from San Siro for some time now, with his wife and agent, Wanda Nara, desperately attempting to engineer an improved contract all summer. Suning Commerce Group, who took over Inter in June, are eager to retain the services of their captain as they eye at Champions League qualification next season. However, a player-plush-cash deal involving France’s first-choice centre-forward striker may convince the Italian club to sanction the transfer.

Arsenal are reportedly monitoring Real Madrid’s James Rodriguez, according to Spanish media (via the Telegraph). Spanish publication Marca even reported recently that an unnamed club had launched a £71milion bid for the Colombian attacking midfielder.

Zinedine Zidane has been told by the Estadio Bernabeu head honchos that he has to offload a few players before making new additions to the roster. Apparently, he is ready to part ways with Rodriguez to fund the transfer of David Alaba.