Arsenal are allegedly interested in recruiting Julian Alvarez and Kyle Walker from Manchester City.
Arsenal are aiming to bolster their squad during the current transfer window after falling short of Manchester City in the Premier League title chase last season.
Kai Havertz has already joined the Gunners in a £65 million deal from Chelsea, while West Ham United midfielder Declan Rice is poised to join in a £105 million deal.
Mikel Arteta's side are also thought to be nearing an agreement with Ajax defender Jurrien Timber, who had his physical on Monday.
The Gunners are expected to shift their focus to other targets, and they look to have identified two of Pep Guardiola's triple winners.
Arsenal are considering a double swoop for Alvarez and Walker, according to El Nacional.
Arteta, who worked as Guardiola's assistant at Manchester City for three years, raided the Citizens last summer to sign Oleksandr Zinchenko and Gabriel Jesus.
The Arsenal manager appears eager to sign two more players from his previous club this summer, but enticing Alvarez away from the European winners may be tricky.
In March, the World Cup winner signed a new contract with the club that will keep him at the club until 2028.
Man City would only consider parting ways with him if an offer in the area of €80m (£68.4m) was made, while Arsenal is only willing to pay €60m (£51.3m).
Alvarez spent the most of his 47 games last season on the bench due to Erling Haaland's scorching play, but he still produced 17 goals and five assists.
While Arsenal's chances of getting Alvarez are minimal, they have a much higher chance of signing England international Walker.
The 33-year-old is no longer a sure starter at the Etihad Stadium and has entered the final year of his contract.
Arsenal, looking to reinforce their right side of defence, supposedly approached Man City with a €16 million (£13.7 million) offer for the veteran full-back.
Walker, who has played with the Citizens for six years, has already been linked with Bayern Munich and newly promoted Sheffield United this summer.
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