Top five transfer rumours - Wenger to splash the cash on Madrid striker and AVB wants triple swoop for attacking trio

Higuain could be heading to the Premier League. Photo: PA

For years Arsenal fans have pleaded with Arsene Wenger to splash the cash - and it's looking as though this summer they could get their wish.

The board has made money available to the Gunners boss and he is ready to make Real Madrid striker Gonzalo Higuain, 25, his first summer signing with a club record bid (London Evening Standard) and could look to partner him with either Wayne Rooney and Stevan Jovetic (Daily Mail)

Wenger will also receive a vote of confidence from defender Laurent Koscielny, who is set to snub any advances from Barcelona and Bayern Munich (Sun)

Liverpool look to have beaten any competition from the continent to sign Henrikh Mkhitaryan for around £23m from Shakhtar Donetsk as the Armenian international is set to fly into Melwood for a medical (Mirror)

Man City appear to have won the race to sign Malaga's talented playmaker Isco for £30m despite interest from Real Madrid (Telegraph)

And finally, Spurs fans get ready...AVB is set to complete an astonishing triple swoop for David Villa, Leandro Damiao and Brazilian midfielder Paulinho, sound exciting? Thought so. (Mirror)