Mikel Arteta is gearing up for a significant transfer push, reportedly ready to offer £130m for Julian Alvarez. However, Arteta insists on receiving assurances that the Argentine forward is keen on making a move to Arsenal, according to the Daily Mirror.

Meanwhile, Gabriel Martinelli is on the verge of a £55m transfer to Al-Hilal, as reported by the Daily Mail. This potential departure could reshape Arsenal's attacking options ahead of the new season.

In other transfer news:

• Chelsea has seen three bids rejected for Alex Scott from Bournemouth, who are determined to keep their star players until at least September 1, as noted by The i Paper.
• Leeds United remains interested in securing Mykhailo Mudryk on loan from Chelsea, following a rejected offer.
• Liverpool faces a hefty £70m price tag to sign Yankuba Minteh from Brighton, having had two offers turned down, according to The Independent.

In off-pitch developments, a consortium planning to purchase the majority of Daniel Levy's stake in Enic, the parent company of Tottenham Hotspur, is yet to complete the financial transaction, raising questions about funding, as reported by The Telegraph. Furthermore, Shim Mheuka is set to extend his stay at Chelsea with a new long-term contract.

In Scottish football, Kris Boyd has expressed concerns that Rangers fans might turn against Derek McInnes if the team exits Europe this Thursday, while Hearts are pursuing a deal for Faroese winger Aron Benjaminsen.