Wenger hopes to sign Mustafi, the Germany defender, from Valencia for about £35 million

Arsenal are set to complete the signings of Lucas Pérez, the Spanish striker, and Shkodran Mustafi, the Valencia and Germany defender, as Arsène Wenger prepares to spend more than £50 million in the final days of the transfer window.

Both players are expected to undergo medicals in the next few days, ending Wenger’s search for a striker and centre back amid renewed criticism from fans after Arsenal’s poor start to the season. Their arrivals will take Wenger’s total summer spend on players to nearly £100 million.

The Arsenal manager’s mood will be boosted further by avoiding the biggest Spanish and German sides and being drawn with Paris Saint-Germain, Basle and Ludogorets after the Champions League group draw was made yesterday.

Arsenal appear to have settled