The Gunners are hoping to tie Pierre-Emerick Aubameyang down to a new contract before the season kicks off.
Arsenal gave been reported to have agreed a deal with the Gabonese striker to sign a-three-year contract worth £250,000 per week according to The Mirror.
Mikel Arteta is also hoping to keep Ainsley Maitland-Niles at the Emirates following a rising interest from Wolves for the England international.
Niles who graduated from the Arsenal academy still has three years left on his contract with the Gunners and if he agrees to stay will be offered an improved contract.
Arteta looking to strengthen the team and not lose key players also wants to see Emiliano Martinez stay ahead of the new season.
The Argentine goalkeeper who has been with Arsenal over the last 10 years was picked ahead of Bernd Leno in the community shield victory over Liverpool on Saturday.
Aubameyang netted a sweet curler in the 12th minute which was cancelled by a goal from Takumi Minamino but Arsenal went ahead to win the match on shootouts.
Emi Martinez who was in post for the Gunners throughout their FA Cup campaign made it known that he would love to fight for the No.1 jersey.
Aston Villa have expressed interest in the Argentine, however Arteta wants to keep both Martinez and Maitland-Niles at the Emirates.
Arsenal are close to completing a £27m deal for Lille defender Gabriel Magalhaes and are also in talks with Real Madrid to get Dani Ceballos for another loan spell.
Defender Rob Holding will complete a loan move to Newcastle over the coming days while Matteo Guendouzi could leave the Emirates after falling out of the pecking order in the latter stages of last season.