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Arsenal have been given the green light in their pursuit of Vinicius Jr(Image: Getty Images Europe)

Vinicius Jr's future has continued to dominate transfer speculation with the Real Madrid star linked to a number of top clubs across Europe - including Arsenal.

According to recent reports, Mikel Arteta has been given the green light to go all out for the deal - following The Athletic's bombshell report that the Gunners are "exploring a move". However, the Brazilian isn't the only man on the Spanish manager's radar.

Now, Daily Star Sport examines two of the most recent transfer developments concerning the Premier League champions as they seek to strengthen their attack with a world class signing. Here's all the latest news from the Emirates Stadium.

Vini Jr has been linked with Arsenal(Image: ANP)

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Arsenal are reportedly prepared to shatter their salary structure in order to secure Vinicius this summer, reports the Mirror.

The club are ready to go all out to capture the Real Madrid star by also presenting him with a colossal wage packet. The Brazilian has one year remaining on his contract and Arsenal can provide him with a substantial remuneration package.

Arsenal possess the financial capability to satisfy the 26-year-old's staggering £500,00-per-week wage demands, which would establish him as comfortably the club's highest earner, with Bukayo Saka.

Such an agreement would stretch Arsenal's salary structure dramatically and influence future negotiations with other prominent stars such as Declan Rice, with whom the club continue discussions regarding an extension.

Arsenal are ready to walk away from Bradley Barcola(Image: Getty)

Arsenal are understood to be willing to withdraw from the pursuit of PSG winger Bradley Barcola. Fabrizio Romano reported on Sunday that Barcola will not pen a fresh contract with PSG and is considering a departure this summer.

The French international has been on Arsenal's radar all summer, as Arteta has made the acquisition of a left winger a priority. However, Premier League competitors Liverpool are seen as the front-runners to secure Barcola.

L'Equipe now suggests that Arsenal, whose interest in Barcola old isn't as strong as Liverpool's, are prepared to abandon their pursuit of the talented dribbler.

The primary reason being that Arsenal are only willing to shell out up to €90million (£77m) for his services, while the European champions are demanding €120m (£103m).