Charlie Nicholas has urged Unai Emery to sell three Arsenal players before bolstering his defensive options in the summer transfer window.
The Gunners suffered a dismal run of form towards the end of the 2018-19 campaign to fall out of the top-four in the Premier League.
Having also lost to London rivals Chelsea in the Europa League final, Arsenal will again be absent from the Champions League next term.
Emery is keen to bolster his defensive options during the summer transfer window and Nicholas says he should also be looking to sell some of his current players.
The Gunners hero has identified Mesut Ozil, Lucas Torreira and Henrikh Mkhitaryan as players who should be sold if the right offer is on the table.
He told Sky Sports: ‘We’re being slow again in the market. The manager has identified plenty of options. Defensively is the key area.
‘I just hope we don’t delay these deals. Arsenal need to get into the market. We can’t afford someone like Aaron Wan-Bissaka but we need a whole new defence really.
‘We need three defenders to come in which will cost £60-£70m.
‘Who can they get out of the door? If you can get the right offer for Mesut Ozil you’d sell. Mkhitaryan can go and you want to keep Pierre-Emerick Aubameyang and Alexandre Lacazette.
‘Torreira seems to be interested in going back to Italy. If you can get the right money: take it.’
Arsenal have been linked with moves for Ryan Fraser, Alexis Claude-Maurice, Gabriel Martinelli, Yannick Carrasco and David Neres this summer.
Emery’s side kick-start their 2019-2020 Premier League campaign with a trip to St James’ Park to face Newcastle United.