The Independent says the Gunners have plans to follow up on last summer's big spending market with another huge outlay on new additions this coming transfer window.
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And top of their shopping list if Georgian dazzler Kvaratskhelia.
While he has been with PSG for just over two years, Arsenal have received encouragement from the player's camp after making their interest known.
The Gunners would be prepared to sell several fringe players to create room in their wage budget for Kvaratskhelia.
Kvaratskhelia moved to PSG from Napoli in January 2024 for €70m. His deal with the Parisians runs to 2029.