Malaga midfielder Santi Cazorla and Turkey international Nuri Sahin are the two names on Arsene Wenger's hit list.
It is thought Cazorla will sign for around £16 million, while Sahin will join on a season-long basis from Real Madrid if the player and clubs reach an agreement.
The Malaga player was set to become an Arsenal player on Wednesday, but following some last minute complications, the move got delayed.
However, it is believed that the team are pushing themselves to complete the move in the near future, as they look to include the midfielder in their pre season plans.
Cazorla is said to have passed a medical at the Emirates Stadium, with a move all but completed.
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Meanwhile, Wenger is also set to approach Jose Mourinho about taking playmaker Sahin on a season-long loan deal.
The Turkey international moved to the Santiago Bernabeu last summer from Borussia Dortmund, but had a tough first season in Spain, not playing very regularly due to injury and the strength of the Madrid midfield.
With the likes of Sami Khedira, Kaka and Xabi Alonso ahead of Sahin Mourinho’s preferences and a move for Luka Modric being the Spanish champions’ number one priority this summer, the eastern European man is expected to play a bit-part role next term.
Mourinho has recently admitted that he would be willing to listen to offers for Sahin, and Arsenal are keen to bring him to north London.
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