Arsenal transfer targets summer 2024: Gunners to battle Barcelona for £20m Euros winner

Arsenal continued their upward trajectory in 2023/24, but still finished two points behind four-peat winners Manchester City. The task Mikel Arteta and co are now faced with is closing that gap.

The Gunners' summer 2023 transfers all helped them draw closer to City, with Declan Rice a smash hit and David Raya and Kai Havertz both proving doubters wrong to become key components.

Jurriën Timber unfortunately missed all but the first and final moments of the season, but impressed when available.

Aside from Rice, Arsenal's deals all happened rather quickly and out of the blue, making it hard to predict the Gunners' movements.

Arsenal transfer targets: Could Arteta and Edu have more surprises ahead?
Could Arteta and Edu have more surprises ahead? – Photo by Icon Sport

Arsenal transfer targets – Latest rumours

It is widely reported that Arsenal's priority is adding depth and variety to their already strong squad.

Arsenal transfer targets
Current club
Estimated fee*

🇵🇹 Pedro Neto




🏴󠁧󠁢󠁥󠁮󠁧󠁿 Eberechi Eze


Crystal Palace


🇮🇹Riccardo Calafiori




🇳🇬 Victor Osimhen




🇪🇸 Nico Williams


Athletic Bilbao


🇪🇸Mikel Merino


Real Sociedad


Hot rumours

Pedro Neto is a long-term target – Photo by Icon Sport

Pedro Neto

Like Victor Osimhen, Pedro Neto has long been an Arsenal transfer target. Since 2021, the Wolves winger has been consistently linked with a move.

Neto can be one of the Premier League's most exciting and dynamic wingers, blessed with pace, trickery and a solid end-product, while also being Premier League proven.

But the issue for Neto has always been fitness. The 24-year-old has only made more than 18 starts in a Premier League season once. The Portugal attacker's signing would be a £60m gamble.

He could be the perfect signing for the Gunners, providing much-needed pace and trickery to their attack and competing with both Saka and Martinelli.

Or, he could spend yet more time on the treatment table.

Eberechi Eze

A very different kind of addition to Arsenal's engine room could be Crystal Palace wizard Eberechi Eze.

The Daily Mail reports that Eze has a £60m release clause, and the 25-year-old is being monitored by a host of top Premier League sides, including the Gunners.

It has been a long and winding road to the top for Eze. He was actually on the Gunners' books until the age of 13 but was released.

This season, he stepped up yet another level, scoring 11 and assisting another four in 27 appearances.

Eze would add an unpredictable flair to the Arsenal midfield, and he could step up yet again when playing with the likes of Bukayo Saka and Martin Ødegaard on a regular basis.

To bring Eze back after 13 years, however, the Gunners will face stiff competition.

Mikel Merino appeared in all of Spain's matches at Euro 2024 – Photo by Icon Sport

Mikel Merino

Arsenal have long been linked to Real Sociedad's Martin Zubimendi, but according to Fabrizio Romano, Mikel Merino has emerged on Arteta's “list”.

Merino largely plays as a left-sided number eight and recently scored the winner for European Championship winners Spain in their quarter-final win over Germany.

Formerly of Newcastle United and Borussia Dortmund, the 28-year-old is a complete midfielder, capable of breaking up play, scoring goals, spraying passes around or charging forward with the ball.

Merino has just one year left on his deal, and Sociedad are willing to cut their losses and sell the midfielder for around £20m.

According to The Telegraph, Arsenal began laying groundwork for a deal before the Euros, but Barcelona have emerged as a competitor, with Hansi Flick keen to add some steel to his midfield.

Riccardo Calafiori is admired by Arsenal, as well as other European giants – Photo by Icon Sport

Riccardo Calafiori

According to the likes of Fabrizio Romano and David Ornsterin, as well as reports from the Evening Standard and Guardian, Arsenal are closing in on Italian defender Riccardo Calafiori.

According to Romano, Arsenal are ironing out the details of a deal with Bologna that could be worth up to £50m, having already agreed personal terms with the player.

Barring any late surprises, this could get done within the week.

Calafiori was immensely impressive at Bologna last season, in a free-ranging role under Thiago Motta's management. He is expected to feature predominantly at left-back for Arsenal, as well as provide cover for Gabriel.

Victor Osimhen could transform Arsenal's attack… but is he worth it? – Photo by Icon Sport

Victor Osimhen

A rumour that was very hot in the first half of 2023/24 was Osimhen to Arsenal.

With the Gunners struggling to settle on a striker, they were reportedly strongly considering a move for Napoli's superstar striker.

However, rumours cooled when Havertz announced himself as the Gunners' number nine in the Spring.

But with Benjamin Šeško now unavailable, the Gunners may return for the Super Eagle.

Athletes of Osimhen's calibre are rare, and he could certainly add a Haaland-like quality to their attack.

Napoli are also willing to consider offers below his eye-watering release clause, meaning this rumour could heat back up again.

Nico Williams

However, we think it much more likely that the Gunners will prioritise a wide option over a striker this summer.

Nico Williams is atop many elite clubs' shopping list, including Liverpool and Barcelona.

The Athletic Bilbao speedster had an incredible 2023/24, scoring five and assisting 11 in La Liga, and helping his club to their first silverware in 40 years.

He is one of the best one-on-one dribblers in the world, ranking in the 93rd percentile or higher for progressive carries and successful take-ons.

The 21-year-old can also play on the left or right, meaning he could cover either Bukayo Saka or Gabriel Martinelli.

He reportedly has a £43m release clause in his contract, a bargain for a player of his calibre.

The biggest stumbling blocks to this move are his huge €200,000 per week wages and his loyalty to Bilbao, which may see him stay to play Champions League football with his boyhood club.

William Evans is a football and politics fanatic. A first-class graduate of UEA's Broadcast and Digital Journalism MA course, he also achieved a first class degree in politics and media studies during his time at UEA.