Wenger is looking to bolster his squad further following the arrival of Petr Cech on Monday.
Arsene Wenger will have to offload players before he can make a move for the striker.
Gunners announced the signing of experienced goalkeeper on a long-term contract yesterday.
Garay is keen to play in a more high-profile league to establish his place in the Argentina first-team.
Cech looks set to complete £10.9m switch to the Emirates, but his long-time coach could stay put.
FC Porto striker had been attracting from both Arsenal and AC Milan this summer.
Sporting director Cüneyt Tanman tells Turkish TV that Podolski is on their radar this summer.
Gonzalo Higuain's hopes of playing in the Champions League have diminished.
Lukas Podolski has been heavily linked with a summer move to Galatasaray.
Arsene Wenger will make a late decision regarding Sanogo's future at the club.
Agent Luiz Henrique Pompeo has confirmed the Colombian striker will play in La Liga next season.
Joel Campbell has failed to nail down a regular starting spot at Arsenal under Wenger.
David Ospina has admitted that his agents are in talks with Fenerbahce over a summer move.
Arsene Wenger is keen to sign a defensive midfielder as backup for Coquelin.
Miyaichi is to join St Pauli while centre-back Ajayi returns to Cardiff after a loan spell.
Arsenal are increasingly confident of signing Cech after positive talks with Chelsea.
Arsenal have been linked with various forwards since the conclusion of the 2014/15 campaign.
West Ham United are still hoping to make the deal happen despite Sunderland opening talks.
But the Gunners should hesitate signing the Colombia international with Olivier Giroud in reserve.
The 30-year-old's appearance at unveiling all-but confirms he will remain in north London.
Arsenal forward Danny Welbeck and former star Thierry Henry are confident that the team can push on from their third-place finish in the Premier League last season.
The Costa Rica international is flattered by interest from David Moyes' side.