Arsenal manager, Unai Emery has said they are looking to sign "very big, very expensive players" ahead of the new season.
The Gunners are yet to beef up their first team, with less than one month to the close of the transfer window.
Celtic have rejected two bids left-back Kieran Tierney, while Arsenal are struggling to meet the price tag on Crystal Palace's Wilfried Zaha.
A deal has however been agreed to bring in Saint-Etienne centre-back William Saliba for £27m ($34m), with the 18-year-old set to sign a five-year contract despite late interest from north London rivals, Tottenham, in the defender.
Speaking ahead of Wednesday's International Champions Cup match against Bayern Munich, Emery told reporters:
"We are being patient and calm because we really want to sign players who can help us with a big performance, and also because we think in the team we have very good players and young players. We also need to take the best player in some positions.
"Really, I can say to our supporters that we are going to have a very good team with the players that are there now and also with three or four players who can help us in a few days."
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