Arsenal are reportedly aiming to raise £60m from a major summer clearout before the 2021-22 campaign gets underway.
Having been knocked out of the Europa League by Villarreal and unlikely to finish in the top seven of the Premier League table, the Gunners' 25-year stint in European football is expected to come to an end next year.
According to football.london, the Gunners will seek to boost their transfer kitty by £60m this summer, and players on the chopping block include the likes of Bernd Leno, Hector Bellerin, Lucas Torreira, Sead Kolasinac, Ainsley Maitland-Niles and Matteo Guendouzi.
Brighton & Hove Albion's Yves Bissouma and Ajax goalkeeper Andre Onana are both thought to be on Arteta's wishlist, and the Gunners are allegedly hopeful of offloading Konstantinos Mavropanos to Stuttgart on a permanent deal.
The Gunners continue their Premier League campaign away to London rivals Chelsea on Wednesday night.