The Gunners’ new manager, Unai Emery is interested in buying more players and might have to sell off Danny Welbeck in order to raise funds.
The North London side have already secured the services of Bernd Leno, Lucas Torreira, Sokratis Papastathopoulos, Stephan Lichtsteiner and Matteo Guendouzi in recent weeks.
They are believed to be willing to listen to offers for the likes of Nacho Monreal, Shkodran Mustafi, Danny Welbeck, Petr Cech, David Ospina, Carl Jenkinson and Lucas Perez.
Goalkeeper Petr Cech is likely to end up on the bench as Leno is expected to become a first-team regular.
Mustafi faces extra competition for a starting berth in defence from Sokratis following his arrival from Borussia Dortmund, with the centre-back enduring a difficult 2017-18 campaign.
Welbeck, meanwhile, has been plagued by injury ever since joining Arsenal from Manchester United in 2014 and has failed to impress his critics over the past four seasons.
The former Paris Saint-Germain boss would also like to bring in a new left-back if Arsenal manages to offload Monreal, with the Spanish full-back having been linked with a move to Real Sociedad.
Arsenal are currently preparing for their opening match against Manchester City on August 12, with Emery’s intense training sessions having impressed the squad as they were out on the training pitch until 8 pm last week following a double session.