Espanyol sporting director, Fran Garagarza, has given the green light for Arsenal to make a new move for goalkeeper Joan Garcia this summer. Mikel Arteta’s side had a €20 million (£16.5m) offer for the 23-year-old rejected by Espanyol in the closing stages of the summer transfer window last year.

Arsenal have a six-man shortlist of wingers who they’re considering moving for in the summer transfer window, Arsenal Insider sources understand. The Gunners are eager to bolster their forward-line in the next window, with a striker and a new dynamic wide man on the agenda.

Here, with the help of football finance expert Kieran Maguire, Standard Sport takes a look at what Arsenal’s financial results mean ahead of the summer transfer window… Kieran Maguire: We have got a rather smug saying in the world of finance - revenue is vanity and profit is sanity.

Arsenal did not spend in the January transfer window because the Gunners are now focusing on the summer transfer window.The Premier League giants were widely expected to sign a new attacker in the