Skysports.com understands that Arsenal have made an enquiry for Hamburg winger Eljero Elia.
The Gunners are looking to strengthen their squad before next Wednesday's transfer deadline and are in particular need of new creative talent after selling Samir Nasri and Cesc Fabregas to Manchester City and Barcelona respectively.
Wenger has funds to spend with the money generated from their departures and should be able to attract top-quality players after ensuring progression to the group phase of the UEFA Champions League.
He is considering his options and is now believed to have identified Netherlands international Elia as a transfer target.
It is thought that Arsenal have contacted Hamburg to enquire about the availability of the highly-rated 24-year-old.
Hamburg rejected an offer from Juventus for Elia earlier in the transfer window but the head coach of the German team, Michael Oenning, admitted on Thursday that his performances during the early part of the season had not been good enough.
Elia is under contract at Hamburg until 2014 after arriving at the club from FC Twente for a fee of around £7.5million two summers ago.