Arsenal could boost transfer war chest by £90m with four exits in the works

Arsenal’s summer transfer business has taken shape in fits and starts, but a flurry of exits could yet transform their financial outlook. With four players now in the sights of potential buyers, the Gunners stand to add at least £90 million to their war chest—enough to fund a marquee signing or two before the window slams shut. The exits of Jesus, Martinelli, White and Norgaard would generate £90m, according to Mirror Football, providing Mikel Arteta with the resources to address the club’s most pressing positional needs.

Four exits could unlock £90m for Arteta

Gabriel Jesus tops the list of players Arsenal may sell. The Brazilian striker has just 12 months left on his contract and has featured sparingly of late, partly due to injuries. Serie A side AC Milan have been linked with a move, with reports suggesting they could finalise a deal for around £16 million—well below Arsenal’s valuation of £18-20m. If that gap narrows, Jesus could be offloaded before the end of August. Calciomercato reported that Milan are in active discussions, while The Athletic has suggested the club values Jesus between £18m and £20m.

Gabriel Martinelli is another coveted asset. Manchester United, Newcastle and Bayern Munich have all monitored the winger, with Arsenal reportedly willing to part ways for £42.6m. That figure would go some way toward addressing their need for a centre-forward, with Martinelli’s potential departure leaving a void in Arteta’s frontline options. Calciomercato has been tracking the situation closely, noting the interest from multiple Premier League and European clubs.

Ben White’s future is also up in the air. The right-back managed only 12 Premier League appearances last season as Jurrien Timber staked his claim. Everton are said to be keen, with Arsenal holding out for at least £25m—though injuries to Timber and William Saliba may force their hand sooner rather than later. The Toffees have been linked with a move, but the Gunners’ valuation remains a sticking point.

Finally, Christian Norgaard could net Arsenal an additional £4.2m. Crystal Palace are weighing up a move for the 32-year-old midfielder, whose Premier League experience could prove useful in south London. The Mail has reported that Palace are considering a deal, with the potential fee aligning with the Gunners’ expectations.

Guimarães pursuit stalls as Newcastle resist

Arsenal’s attempt to land Bruno Guimarães has hit a wall. Reports on Tuesday claimed the Gunners had opened talks with Newcastle over a £75m bid, but Magpies sources denied any formal offer, bid or direct contact. Super agent Kia Joorabchian has been involved in behind-the-scenes discussions, yet Newcastle remain dug in. The 28-year-old has told his club he wants to leave to win trophies, but for now, the path to north London appears blocked. football.london cited Magpies sources as confirming there has been no contact, despite earlier reports from The Times suggesting Arsenal had initiated talks.

That setback follows Arsenal’s failure to sign Morgan Rogers. Chelsea swooped for the Aston Villa midfielder in a club-record £117m deal on Saturday, snatching him from under Arsenal’s nose after terms were agreed. The Gunners’ reluctance to meet Villa’s valuation cost them a high-potential asset at a critical moment. London Evening Standard reported that Arsenal had agreed terms with Rogers, only for Chelsea to intervene with a superior offer.

Squad overhaul gathers pace—but gaps remain

Arsenal have already reshaped their squad this summer. Piero Hincapié arrived for £34m, Illan Meslier joined on a free transfer, and Leandro Trossard left for £15.3m. Christos Tzolis is poised to become the third permanent arrival, though his £34m fee underscores the premium now attached to wingers. Yet for all the comings and goings, one glaring omission persists: a world-class forward. Without one, Arteta’s side risks falling short in the title race come spring. The club’s failure to land a marquee striker—despite interest in Jesus and Martinelli—leaves a significant gap in their attacking options.

Hamburg’s CFO has insisted his club hasn’t given up on Fabio Vieira, telling German media: “We’ve fallen in love with him!” The Bundesliga side remain hopeful of keeping the midfielder, but Arsenal may yet force a sale if their valuation aligns with Hamburg’s expectations. Google News: football news reported the CFO’s comments, though the Gunners’ pursuit of Vieira has been complicated by Hamburg’s reluctance to sell.

Arteta’s summer has been defined by caution rather than ambition. The exits of Jesus, Martinelli, White and Norgaard would provide the financial flexibility to address the club’s most pressing needs—but only if the club seizes the moment. The money is there. The question is whether they’ll spend it wisely.

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