Arsenal tried and failed to sign three players from French side, Monaco over the summer.
The Gunners struggled to land their top targets in the summer window – and could only sign goalkeeper Petr Cech, missing out on prized assets.
Get French Football claim that manager Arsene Wenger missed out on the signings of Geoffrey Kondogbia, left-back Layvin Kurzawa and striker Anthony Martial, all of whom were with Monaco.
Arsenal spoke at length with Kondogbia, who opted to sign for Serie A side, Inter Milan, in June.
The North-Londoners also had bids for Layvan Kurzawa and Anthony Martial rejected, in a frustrating few months for Arsenal.
Martial, aged 19, attracted interest from a host of European clubs, eventually signing for Manchester United in a £36m deal on deadline-day.