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Arsenal fans are waiting with baited breath to see what sort of business new boss Unai Emery and and head of recruitment Sven Mislintat will do this summer.

Mislintat is the man driving what could be a significant overhaul of the playing squad at the Emirates - with majority shareholder Stan Kroenke reportedly having raised the transfer budget to around £70 million before any money is received from any player sales.

But what do Arsenal need and where will they strengthen?

Our friends at football.london have looked at what will happen this summer...

The transfer overview

(Image: Arsenal FC/Getty)

Arsenal are looking to add at least three new arrivals to the squad, but it could be that as many as five arrive - depending on who may leave the club during the next couple of months.

The key areas Arsenal are targeting are in defence, with a new centre-back the priority, along with a defensive midfielder and a goalkeeper. But a left-sided attacker is also on the agenda.

But further additions could follow if players move on, with Aaron Ramsey's future far from clear as contract talks continue to stall.

(Image: TF-Images/Getty)

In terms of the goalkeeper there is a clear target, with Arsenal hopeful of striking a deal to bring Bernd Leno to the Emirates.

The German international looks certain to leave Bayer Leverkusen and has £22 million release clause. His agent did hold talks with Napoli, but a move to Serie A is not on the table.

Uli Ferber said: "I can confirm there were negotiations with Napoli, but we stopped them. Napoli are not an option."

Sevilla keeper Sergio Rico could also be an option. He is well known to Emery, who had him as his No.1 during his time at the Ramon Sanchez Pizjuan Stadium.

Reports in Spain suggest that Arsenal's head coach has already sounded out the 24-year-old about a possible move to the Emirates this summer.

The transfer priority

(Image: Getty Images)

The centre-back area is a key area in Arsenal's planned summer rebuild, with the possibility of two new faces arriving.

With Per Mertesacker retiring, there will certainly be one new addition - with 21-year-old Freiburg star Caglar Soyuncu at the top of Mislintat's list.

Manchester United and Manchester City have both also shown an interest in the Turkey international, but Arsenal believe they have a chance of landing the highly-rated defender.

Doubts of Shkodran Mustafi and the injury sustained by Laurent Koscielny could also see Arsenal enter the market for a more experienced signing, with Sokratis Papastathopoulos a target at Borussia Dortmund.

(Image: Getty Images)

Arsenal have seen several bids knocked back for Jonny Evans in the past year and the Northern Ireland international is available for a cut price £3m fee this summer following West Brom's relegation.

Mainz defender Abdou Diallo is also a player Arsenal are monitoring, although Borussia Dortmund are also very keen.

Meanwhile, the Gunners are close to sealing a deal for Swiss international right back Stephan Lichtsteiner, who is out of contract this summer having spent the past seven years at Juventus.

Arsenal believe the arrival of Lichtsteiner will help take the burden off Hector Bellerin, who made 47 appearances in all competitions last season.

Ramsey holds the key

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The central midfield position is also an area Arsenal are looking to strengthen, with the Gunners looking once again at Nice star Jean-Michael Seri.

Seri has a release clause of £35m, a figure Arsenal would be able to afford if Aaron Ramsey is moved on. Arsenal don't want to lose Ramsey, but he will be sold if he doesn't agree to sign a new contract.

Other midfield players who are being looked at include Roma's Lorenzo Pellegrini.

(Image: AFP)

The Italian international is a player admired by Mislintat and reports in his homeland suggest Arsenal could make a move this summer.

The 21-year-old scored three goals in 37 appearances last season to help Roma to a third placed finish in Serie A and to the Champions League semi-finals, where they were beaten by Liverpool.

Juventus and Manchester United are also believed to be interested Pellegrini, who has a £26m release clause.

A surprise package?

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It's unlikely that there will be any further attacking additions following the recent signings of Alexandre Lacazette, Henrikh Mkhitaryan and Pierre-Emerick Aubameyang in the past 12 months.

A move for a left-sided attacker can't be ruled out, however, especially if Danny Welbeck - who has one year left on his contract - is sold during the summer.

Mislintat would be keen on linking up once again with Ousmane Dembele, but the only way Arsenal could get a deal done for the France international would be on loan.