Sky Sports sources understand Manchester City are closing in on a £20million swoop for Arsenal star Samir Nasri, while they have also almost completed a deal for Gael Clichy.
French midfielder Nasri has been heavily linked with a move away from Emirates Stadium this summer, with a host of top European clubs thought to be chasing his signature.
He has yet to put pen to paper on a new contract in North London and his current terms are set to expire next year.
Manchester United were previously tipped as frontrunners to secure Nasri's signature, but it seems big-spending local rivals City have now taken pole position in the race.
City are also reportedly close to capturing Arsenal left-back Clichy and it is understood that the £7million transfer could soon be finalised.
With Gunners captain Cesc Fabregas also expected to leave for Barcelona this summer, manager Arsene Wenger could be left without several of his key players next season.
France international Nasri enjoyed an impressive campaign in 2010/11, but could not help the Gunners end their trophy drought, which has stretched over six years.
The 24-year-old arrived at the Emirates from Marseille in 2008 and has since notched up over 80 appearances for Wenger's side.
Wenger is due to gather his first-team squad together next week ahead of a tour to Malaysia and China.
The Gunners boss continues to give little away as to which players will be part of the group when they jet off in 10 days' time.
"We are in a waiting period, everybody is waiting that the other [club] moves," Wenger said in an interview with Alsace TV.
"Everybody has their cards in [their] hands, hoping for the big transfer.
"There is nothing moving yet. The period will me more active at the end of July when we will need to really strengthen the team."