Arsenalâ€™s board turned down Unai Emeryâ€™s request to sign Atletico Madrid midfielder Thomas Partey, Crystal Palaceâ€™s Wilfried Zaha and Manchester United centre-back Harry Maguire in the summer, according to reports.
The Gunners spent over Â£130 million during the last transfer window by completing deals for Nicolas Pepe, Kieran Tierney, David Luiz, Gabriel Martinelli and William Saliba, who has remained at Saint-Etienne on loan for this season.
But Arsenal have made a poor start to the Premier League campaign with the team currently sitting 11th in the Premier League, registering just 19 points from 15 matches so far.
The Gunners also opted to sack Emery 10 days ago following the teamâ€™s woeful run of form and have temporarily replaced him with Freddie Ljungberg. According to The Athletic, Emery had proposed several transfer targets to Arsenalâ€™s hierarchy but three key signings were missed.
Emery was keen on bolstering his midfield options with the arrival of Partey from Atletico Madrid. The 26-year-old was reportedly keen to join Arsenal in the summer but the Gunners deemed his â‚¬50 million (Â£42m) release clause too expensive.
Emery faced a similar problem with his desire to sign Maguire ahead of Manchester United as Arsenal were unwilling to meet Leicester Cityâ€™s asking price and the England international ended up moving to Old Trafford for Â£80m.
Emery was also at odds with Arsenalâ€™s board over the recruitment of a winger. The Spaniard was impressed with Zahaâ€™s performances against his side and wanted the Palace forward in his team as he would take less time to adapt having already played in the Premier League.
But Arsenalâ€™s hierarchy favoured a move for Pepe for a club-record Â£72m, primarily because the Ivorian is younger than Zaha.