By Will Butcher

Arsene Wenger has declared that Arsenal’s summer transfer business is far from done, after revealing that he is keeping tabs on a number of players.

The 66-year-old also confirmed for the first time that he hopes a deal for Valencia defender Shkodran Mustafi will be completed as the Gunners look to replace crocked defensive duo Gabriel and Per Mertesacker.

In quotes published by The Telegraph, Wenger told French TV station SFR Sport that he hopes a deal for the Germany international will be completed.

“Mustafi? We hope it will be done,” Wenger said. “He is one of a number of players we are looking at. Negotiations are ongoing.”

Sky Sports Germany reporter Marc Behrenbeck has previously reported that Arsenal have already agreed personal terms with the Valencia centre-back.

“Mustafi deal to Arsenal nearly done,” Behrenbeck said on his personal Twitter account last week. “Player and Club agreed on contract. Final talks with Valencia to come.”

Wenger has reportedly tabled a £26 million bid for the Valencia centre-back after trying for a number of weeks to bring in defensive cover.

The Gunners are in desperate need of a centre-back, after injuries to Gabriel and Mertesacker have led to Wenger using young signing Rob Holding at centre-back in their first two Premier League games.

German defender Mustafi has won 12 caps for his country after establishing himself as a regular for his La Liga side since his transfer from Sampdoria in 2014.

The former Everton academy graduate featured for the World Cup winners at Euro 2016 and scored in the opening match against Ukraine, which his team won 2-0.

Mustafi has three years left on his current deal in Spain, but could be tempted by a move to the Premier League.

The Gunners have made four signings this summer, with Granit Xhaka signing for around £35million from Gladbach. Youngsters Holding, Takuma Asano and Kelechi Nwakali have also signed as Wenger continues to put his faith in youth over spending for experience.

In other Arsenal transfer news, this star striker has made a decision over his future amid interest from North London.