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Arsenal are planning to make as many as three signings during the January transfer window, according to Football Insider.
The north London giants have had a good first half to the season, but they still need to improve the squad to challenge for the league.
A new striker seems a top priority for the New Year and it is claimed that the club are also aiming to bolster two more positions.
Mikel Arteta is eyeing another central defender to add to the squad while he is also keen on purchasing a young central midfielder.
There are no stand-out targets at the moment, but it is publicly known that the Gunners have an interest in landing Ivan Toney.
The Brentford striker will complete his betting ban on January 17 and he is anticipated to leave the west London outfit by then.
Arsenal are keen admirers of him, but the Bees are likely to hold out for at least £80m to part ways with their prized asset.