Following an abysmal outing at the just concluded 2020/2021 footballing season, Arsenal are set to back Mikel Arteta with £250m for him to spend in the summer transfer window.

At least five new signings are expected at the Emirates this summer in other to shapen things up at the North London club.

Mikel Arteta has been trusted to turn the tides around at Arsenal after his team finished in eight place in the 2020/2021 Premier League season, just six points off top four and a place out of Europe.

The Gunners will not participate in any European competition come next season and that’s as a result of their lowest league finish in 25 years.

90min reports that the Kroenke family are ready to back Mikel Arteta with £250m for him to spend on new signings ahead of the 2021/22 footballing season.

As expected, Arsenal are a business club that buy raw talents for a relatively cheap fee and eventually sell them for a significant amount of money.

Technical director Edu, has been asked to aim youngsters that have potentials to improve and also their market value increase.

Rumours have it that the 14 time Emirates FA Cup winners are in talks with James Madison of Leicester City, Yves Bissouma and Ben White of Brighton and Holve Albion, Andre Ọnana of Ajax Amsterdam, Norwich City’s Max Aarons and Sheffield United’s Aaron Ramsdale.