The Gunners narrowly missed out on securing Champions League football this season, pipped to fourth place by north London rivals Tottenham, but Europa League participation will still require significant additions to a very thin squad.
Arsenal have a host of players currently out on loan, though almost none of those have a future at the club and Arteta intends to cash in.
Marseille and Stuttgart have already elected to turn Matteo Guendouzi and Konstantinos Mavropanos’ loan moves into permanent stays, netting the Gunners around £12.5m.
They are also looking to negotiate departures for Hector Bellerin, Lucas Torreira, Bernd Leno, Ainsley Maitland-Niles and Pablo Mari.
Fiorentina balked at Arsenal’s price tag for Torreira, while Real Betis are unable to afford Bellerin as things stand – but both players are expected to be moved on to new clubs.
Benfica are the frontrunners to sign Leno, though will not meet the Gunners’ £8.5m price tag, while Mari is expected to complete a permanent move to Udinese after impressing in Serie A.
Maitland-Niles is the player Arsenal are most optimistic about getting a decent fee for even though he only started seven times on loan at Roma, with several Premier League clubs making enquiries to create the possibility of a bidding war.
The final two players who are set to leave are Alexandre Lacazette and Eddie Nketiah, though Arsenal will receive no fee with the duo departing on free transfers when their contracts expire – though the former’s exit will rid Arsenal of one of their highest earners.
A decision has yet to be made about the futures of William Saliba and Reiss Nelson, who have impressed at Marseille and Feyenoord, and they could be reintegrated into the squad.
Arteta rates three academy prospects very highly – Charlie Patino, Miguel Azeez and Omari Hutchinson – and intends to give them a chance to impress in the Europa League group stages next season.
After clearing out the decks, Arteta wants to bring in at least four new, top-quality signings, with two strikers, a central midfielder and a new full-back all on his wish list.
For more stories like this, check our sport page.
Follow Metro Sport for the latest news on
Facebook, Twitter and Instagram.