Arsenal are reportedly willing to trigger Antoine Griezmann's £85m release clause.
The Gunners are ready to rival Manchester United in the summer for the Atletico Madrid striker's signature.
Arsene Wenger has been reluctant to splash the cash over the years.
But Spanish publication Okdiario claim the Gunners won't be afraid to bankroll a move for the 25-year-old in the transfer window.
Antoine Griezmann is attracting interest from Manchester United and Arsenal
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Ander Herrera says he is yet to open contract talks with Manchester United about extending his deal.
The Spanish midfielder has 18 months remaining on his current contract and he will be free to negotiate a move away from Old Trafford with clubs outside the Premier Leaguein January if United don't act before then.
But Herrera insists he is keen to discuss a contract extension and is waiting for the club to approach him.
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“I have nothing to talk about," the 27-year-old said.
"Of course, if they want to talk with me, I will be very happy to do that. But so far, nothing.”
Ander Herrera's contract runs out in 18 months' time
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Adam Lallana is on the brink of signing a new four-year deal to remain at Liverpool, according to reports.
The Telegraph claim discussions between Lallana's representatives and the club are at an advanced stage and he will put pen to paper on another contract shortly.
Lallana, who will be tied down to the Merseyside outfit until 2021, will pocket £150,000 a week.
Adam Lallana is set to sign a new four-year deal with Liverpool
The defender has impressed in Germany over the last 18 months and Express Sport understands Gladbach will try to negotiate a deal at the end of the season.
Ruben Loftus-Cheek is also on their radar and they will look to strike a loan move with the Blues to give him regular playing time.