Buy or bust for Arsenal: Arsene in £45 million panic shopping

Arsene Wenger was reportedly set to splash £45 million new players before the transfer window ends.

The under-fire Arsenal chief, now has an £80m transfer war chest according to the Sun and has already landed £9m Germany defender Per Mertesacker and £2m South Korea striker Chu-Young Park.

Already in: Per Mertesacker

But a £22m bid for Rennes holding midfielder Yann M'Vila was snubbed and there was no movement on a £12m offer for winger Marvin Martin from Sochaux.

Wenger, who has an astonishing list of 20 targets, also made a double enquiry for Everton duo Marouane Fellaini and Mikel Arteta.

Still to come: Christopher Samba

He had already done a £6.2m deal to bring Brazilian left-back Andre Santos to the Emirates from Fenerbahce.

Wenger will be relieved to have secured 6ft 6in Mertesacker, 26.

Maybe, just maybe: Marouane Fellaini

Wenger would like Blackburn's Christopher Samba alongside him, though not at the £16m quoted.

Chelsea pair Alex and Florent Malouda are on the wanted list as well.

Already in: Chu-Young Park

But a creative midfielder to replace Samir Nasri and Cesc Fabregas is the priority, with Hamburg's £8m Dutch star Eljero Elia already lost to Juventus and Lille's Eden Hazard rated too costly at £37m.