Arsenal are reportedly looking to bring their striker Mexican striker Carlos Vela back from Spanish side Real Sociedad this summer.
The 25-year-old forward, who joined Arsenal for a fee of £125,000 (that rose to £550,000 after he made 50 first team appearances) from Mexican club Guadalajara in 2007, was sold to Real Sociedad in the summer of 2012 following a successful loan spell at the Basque club.
However, the Gunners insisted on a buy-back clause in the 25-year-old striker's contract at Sociedad so that they would be able to recall the Mexican to the Emirates.
According to reports in Spain, Arsenal, who are currently in need of extra firepower up front, have now triggered the buy-back clause and are set to retain his services for a fee of £3.3 million.
Vela, who only managed to net 11 goals from 62 appearances during his time at the Emirates, was loaned to many clubs including Salamanca, Osasuna and West Bromwich Albion before he was finally sold to Sociedad.
Since joining the Basque club on a permanent basis the striker has had a surge of form as he netted 14 La Liga goals in the 2012/13 season and helped Sociedad book a place in the Champions League.
The Mexican has also been in good touch this season, scoring 15 goals and providing 12 assists in the La Liga.
Meanwhile, Arsenal manager Arsene Wenger, who is looking to strengthen his squad following a poor run of form in the latter half of the season, is reportedly interested in signing Barcelona duo Alexis Sanchez and Pedro Rodriguez provided they come at the right price.
According to reports, Sanchez, who has been impressive this season, scoring 18 and assisting 10 goals in La Liga, is expected to be available for a transfer fee of around £20m.
However, Arsenal will face stiff competition for the Chilean forward as Serie A champions Juventus are also reportedly interested in inking his signature.
Spanish forward Pedro, who has scored 15 goals and provided nine assists this year, will also be a good strike option for Arsenal, who are currently relying on Olivier Giroud, Lukas Podolski and Yaya Sanogo.