Lucas Torreira is yet to be confirmed at The Emirates Stadium as an Arsenal player but his arrival is imminent, according to Sky Sport journalist Dharmesh Sheth via The Daily Star.

The Journalist said in a recent transfer talk podcast via Daily Star:

“Stephan Lichtsteiner is in, Bernd Leno is in and Sokratis Papastathopoulos will sign on July 1. The reason July 1 is because Borussia Dortmund want to announce that at the start of the new tax quarter in Germany. There are financial reasons which I cannot even begin to go into. Lucas Torreira as well, that looks like it’s imminent. There’s also interest in the Portugal winger Gelson Martins. All of these transfers seem to fit Emery’s profile and also what we believe to be a limited transfer budget at Arsenal…

The Gunners are said to not have much cash to buy players this summer and this is due to the huge amount Arsene Wenger spent in his final season at the club.

Sheth went on to explain why they club are not having much to spend on players this summer, he said in same podcast that:

“There’s talk of £50m that we believe the ceiling with regard to how much Emery has to spend. Arsenal fans have talked about why he only has that money but you’ve got to remember in the last two windows, Arsene Wenger spent quite big on players that perhaps have been earmarked with a Wenger replacement in charge. We had Alexandre Lacazette coming in last season for close to £50m, then close to £60m for Pierre-Emerick Aubameyang. Henrikh Mkhitaryan is in too…”

In other news, Arsenal will have to fight it out with some other European giants if they want to sign Miguel Layun and a report in AS went on to say that the player is being ‘chased by three giant clubs’.

Layun’s performances last season for Sevilla were superb which has caught the attention of his National Team Manager and he was selected for this Summer’s World Cup for Mexico.

It’s thought that Arsenal will have to fight it out with the likes of AC Milan and Marseille to land the player, but with of the other numerous signings Emery seems to be working on, it’s yet to be seen whether this might be one signing too many.