Arsenal transfer budget for January revealed as Gunners eye major signings

Arsenal have set their transfer budget for the January window, according to reports, ahead of what could be a busy month.

The Gunners are currently preparing to do business in the window, with a wide forward or winger set to be top of Mikel Arteta's shopping list.

Their 'priority target', according to The Athletic's David Ornstein, is Shakhtar Donetsk's Mykhaylo Mudryk,

Ornstein adds that the 21-year-old is keen on a move to the Emirates Stadium, although Arsenal will likely have to pay around €100 million to secure his signature, as per Shakhtar director Darijo Srna.

Elsewhere, the club have reportedly made contact with the agent of Juventus star Dusan Vlahovic, reigniting interest in the player from 12 months previously.

Juventus may be forced to sell due to uncertainty over their financial situation, which was further increased by the resignation of the club's entire board last month.

Arsenal are looking for a potential replacement for Gabriel Jesus as he recovers from knee surgery, and Vlahovic could be the perfect addition.

And new reports claim that the Gunners have set their January budget for any potential deals.

Arsenal 'set transfer budget for January'

According to Italian outlet Calciomercato, Arsenal's budget for January will stand at €120 million (£105 million) to spend in Italy, which would allow them to likely complete more than one major deal.

The same source claims that the Gunners will look for a double swoop on Serie A, with moves for Vlahovic and Lazio's Sergej Milinkovic-Savic said to be planned.

There is no mention in the report surrounding a move for Mudryk, however, who is allegedly the club's top target.

That budget could potentially be increased by sales, although it remains to be seen whether Arteta will be willing to allow any of his squad to leave in January.

However, The Athletic claimed last month that the budget would be affected by Financial Fair Play (FFP), which may mean sales are a necessity in order to be able to spend most of the allotted money.

It is sure to be a busy move for the Gunners, who will hope to end January with Arteta's ideal squad as the second half of the Premier League campaign gets well underway.

Arsenal lead England's top flight by five points ahead of second-placed Manchester City.