Arsenal transfer news: Ray Parlour wants Arsene Wenger to sign Harry Kane and Dortmund defender Mats Hummels

Arsenal legend Ray Parlour has urged Arsene Wenger to break the bank in the summer transfer window to complete the signings of Tottenham Hotspur striker Harry Kane and Borussia Dortmund centre-back Mats Hummels.

The England international was at the Gunners' academy from 2001 to 2002 and is an Arsenal fan. He then moved to several clubs before joining Tottenham's youth set up in 2004. Since then the 22-year-old has graduated at their academy and is now a regular inclusion in his side's starting XI.

Kane has scored 24 goals in 35 league appearances, something that the Emirates club's strikers have struggled to do. The former Gunners midfielder claims Tottenham star is "one of our own" and has advised Wenger to make an approach for the striker.

"Harry Kane, maybe? That's who I'd go for. He's an Arsenal fan! Have you seen the pictures of his in 2004 with an Arsenal shirt on? He's one of our own!" Parlour told talkSPORT.

"I think we might need to spend £70million-£80million this summer to get the right players in to challenge next season. Look, I played with Ian Wright and Thierry Henry... we all know we need a top quality striker.

"Mesut Ozil has created more chances than any other player in the Premier League this season, so that just shows you he's creating chances, but is there a man to finish them off?" Parlour added.

Dortmund defender Hummels has already hinted that he will leave the Signal Iduna Park after the end of the season. The Arsenal legend believes that his former side lack leaders in their heart of the back four and has advised Wenger to bring in the World Cup winner with Germany to the Emirates.

"But they're not too far away. I think Arsenal are just lacking two real big characters in midfield, they need a Tony Adams type player, like Mats Hummels, at centre-half and a top class striker, there's no doubt about that," he explained.

Hummels has been linked with a move to Manchester United, along with the other top clubs from England and abroad. In addition to this, Kane is also on the radar of the Old Trafford club as they look to bolster their attacking options for the next summer, reports the Independent.