Arsenal is actively pursuing several key transfers this summer, including Riccardo Calafiori from Bologna for €50 million, who rejected offers from Real Madrid and Juventus. The Gunners are also in talks to sign Mikel Merino from Real Sociedad, facing competition from Barcelona and Atletico Madrid. Arsenal has an interest in Barcelona's Raphinha and Athletic Bilbao's Nico Williams, contingent on Barcelona's financial capabilities. Additionally, Crystal Palace's Marc Guehi, valued at £70 million, is another defensive target for Arsenal, potentially involving a player-plus-cash deal. Lastly, Arsenal winger Reiss Nelson is seeking a move away for more playing time as the club strengthens its squad.