Football: Rooney and Fellaini top Arsenal's transfer hitlist as Wenger prepares to splash the cash

Wayne Rooney remains Arsenal's dream signing this summer after chief executive Ivan Gazidis gave the green light to mammoth summer spree.

                                London bound? Wayne Rooney is one of a number of high-profile players being chased by Arsenal

A number of sports reporters revealed last month how the Gunners were prepared to smash through all their financial boundaries to land Rooney this summer.

Arsenal hope a package of around £170,000-per-week and a multi-million pound signing on fee - plus the security of a five year contract - could persuade Rooney to take a pay cut from his current £250,000-per-week deal at Old Trafford, that has two years left to run.

Everton's Marouane Fellaini and Bayern Munich's Luis Gustavo have both been monitored by Arsenal's scouting network.