Arsenal news: What can Gunners spend in summer transfer windows?

While Arsenal have not lifted a major trophy since winning the FA Cup in 2020, last term marked the third consecutive season in which they have finished runners-up in the Premier League.

The Gunners also reached the semi-finals of both the Champions League and Carabao Cup, and pressure is building to shake off the tag of nearly men.

With a £51m move for Real Sociedad and Spain midfielder Martin Zubimendi in the pipeline, manager Mikel Arteta seems intent on addressing his side’s shortcomings early.

There should also be plenty of finance available for him to finally bring in a prolific centre forward to get Arsenal over the line in competitions – a bone of contention among supporters.

Record revenues of £616m in 2023-24 are likely to be exceeded thanks to the expanded Champions League format and extra broadcast revenue, while the sales of homegrown duo Emile Smith Rowe and Eddie Nketiah in the past 12 months brings about £50m of pure profit.

“As the most profitable club in Premier League history, Arsenal could easily spend over £200m in the window and have no PSR concerns,” said football finance expert Kieran Maguire.

“So if a striker is not signed it cannot be blamed on PSR.”

Read more about the early transfer window and what each Premier League club can spend this summer