Mikel Arteta feels Arsenal have the financial strength to be able to challenge for the Premier League title next season.
Former Newcastle striker Michael Chopra is keen to return to the Indian Super League, which will kick off on October 3.
Sunderland striker Connor Wickham's loan spell at Sheffield Wednesday has been extended.
The 20-year-old will now remain at the Sky Bet Championship club until January 28.
England Under-21 international Wickham joined the Owls, with whom he spent a month last season, on November 1 and has scored six goals in eight appearances to date.