Arsene Wenger has expressed his admiration for West Brom defender Curtis Davies as he considers signing a replacement for the injured Philippe Senderos.
But the Arsenal boss has ruled out a move for Argentina striker Javier Saviola by declaring he already has enough forwards - while stricken Juventus are also out of bounds.
The Gunners' preparations for the new season have been hit by confirmation that Senderos will be sidelined for three months with the injury he suffered on World Cup duty.
Swiss international Senderos dislocated his shoulder against South Korea and will miss the opening eight weeks of the campaign, including Arsenal's Champions League qualifier and the September 17 showdown with Manchester United.
With Sol Campbell having departed recently, the 21-year-old's absence has left Wenger short on options in defence and the Frenchman might be forced into the transfer market to find a replacement.
Arsenal have been heavily linked with a move for Davies and Wenger admits the England Under-21 centre back interests him, although not at the quoted asking price of £12million.
'We have lost Senderos for the next three months. Johan Djourou and Gael Clichy have had injuries as well,' he told the club's official website.
'If we find a player who can play centre back and left back then we are still open for transfers.
'Curtis Davies I like. I have not made an inquiry or a bid but I like the player. I will not be making a bid as high as £10million or £12million.'
Wenger may be looking to bolster his defence but he is not in the market for another striker.
Saviola's agent Alfredo Cabrera Brizuela claimed the 24-year-old Barcelona marksman was in talks with Arsenal over a £4million switch to the Emirates Stadium.
But Wenger is happy with his array of attacking talent.
'We are not interested in Saviola at all. We have enough forward players,' he said.
'We have bought Tomas Rosicky. We also have Thierry Henry, Jose Antonio Reyes, Robin Van Persie, Emmanuel Adebayor, Theo Walcott, Nicklas Bendtner, Jeremie Aliadiere and Arturo Lupoli.
'Where do I put all these strikers? I have no interest at all in another one.' Once again Wenger has ruled out the possibility of radical surgery to his squad during the transfer window as he continues to pin his hopes on the club's youngsters.
'We will sign one player or two maximum, but no more,' he said.
Arsenal will not be among the clubs circling over Juventus as the fallen Italian champions plan for life outside Serie A.
Juve have been punished for their role in the Italian match-fixing scandal with demotion to Serie B where they face a 30-point deduction and a player exodus is certain.
But Wenger insists Arsenal will not be joining the stampede for Juve players as their wages are too high and dismissed loan moves as a viable option.
'It is disturbing the market because you have a flow of players coming out,' he said.
'But don't forget that the players of Juventus are very well paid and not many clubs in the world can not afford to pay these kinds of wages.
'We can not afford to do it. That is why we are not very much disturbed by the Juventus case. It is very unlikely because the wages are too high for us.
'Juventus got punished to [go down to] Serie B plus 30 points. They have a team who are above 30 so I can not see why they would give players out on loan.
'Even if they make it back in two years those players could be finished.' Arsenal's World Cup players are scheduled to return to training this week but Freddie Ljungberg is struggling with injury.
'Freddie has had an inflammation in his foot. We have to check it with a scan. We will see,' said Wenger.
Meanwhile, Arsenal's new Emirates Stadium has reached `practical completion' and will be ready to host Dennis Bergkamp's testimonial on Saturday.