Arsenal manager Mikel Arteta and sporting director Edu are reportedly working on six different deals ahead of the summer transfer window.
The Gunners have endured a disappointing campaign in the Premier League and currently sit in 10th position after losing 11 of their 26 matches.
According to football.london, failing to challenge for the Champions League places has resulted in efforts already commencing regarding arrivals and departures.
The report claims that the North London outfit are willing to sell Alexandre Lacazette for the right price, while Brighton & Hove Albion's Tariq Lamptey is viewed as a long-term replacement for Hector Bellerin.
Speculations also persists that RB Leipzig defender Ibrahima Konate and Celtic forward Odsonne Edouard both feature on Arsenal's radar.
Lastly, Arteta and Edu are hopeful that a buyer can be found for Lucas Torreira, who has struggled to make an impact on loan at Atletico Madrid.