Arsenal manager Mikel Arteta will be given $250m this summer to attempt to close the gap on Premier League champions Man City.

The Gunners have secured Champions League football already this season and they are set to spend most of the money they will receive for finishing the top four of the Premier League by paying for new players next season, according to Football Transfers writer Steve Kay. 

Arsenal to hand Mikel Arteta $250m this summer

The Spanish manager has guided the club to their first top-four finish since 2016 and as a reward for this season’s successful campaign, Arteta has been given $250m to improve on a squad that is not believed to have the depth to challenge City for the Premier League title just yet.

And according to The Daily Mail writer Sami Mokbel, the former Everton and Arsenal player has already written a six-man shortlist comprised of West Ham United captain Declan Rice, Crystal Palace pair Marc Guehi and Wilfried Zaha, Moussa Diaby, Southampton midfielder Romeo Lavia and Brighton and Hove Albion breakout star Moises Caicedo.