After putting pen to paper on a new two-year deal, Arsenal manager Arsene Wenger is reportedly set to receive £100m, to get the side back into the Champions League and challenging on all fronts.

According to the Daily Star, Wenger has been tasked with the job of rebuilding the side after their failed Premier League campaign and premature exit from the Champions League.

The Gunners could lose Alexis Sanchez and Mesut Ozil this summer, two players who will be hard to replace, but the board are believed to have released lucrative funds for Wenger to strengthen any other squad deficiencies.

Midfield is an area Arsenal are expected to bolster, with the futures of Jack Wilshere, Mohamed Elneny and Francis Coquelin unknown. The London club may also opt for a right-back as understudy to Hector Bellerin, with Carl Jenkinson and Mathieu Debuchy expected to leave Arsenal in the summer.

With Danny Welbeck, Olivier Giroud, Lucas Perez and Theo Walcott as options up front, Wenger might not sign another centre-forward in the summer, instead selling Perez to help fund a move for a goalscoring winger if reports are to be believed.

Leicester City’s Riyad Mahrez has told the club he wants to leave this summer and was a transfer target for Arsenal 12 months ago. The Algerian international is being lined up a potential replacement for Sanchez and would jump at the chance to move to the Emirates.

Despite the side’s lowly finish in the Premier League, their FA Cup triumph over title-winners Chelsea prove they have the personnel to match the best sides in the country. Wenger just has to get the best from his side when it matters the most.