The North London giants, landed primary target Gabriel Jesus from Man City as the two teams agreed a transfer worth £45m.
Arteta worked with Gabriel Jesus at the Etihad Stadium, and the forward has hit the ground running in pre-season for the North London giants.
However, the north London team were offered the chance to secure the services of another centre-forward earlier in the summer – PSG’s Icardi.
The 29-year-old striker first joined the Ligue 1 champions on loan from Serie A giants, Inter Milan in 2019 before the move was made permanent in 2020.
Icardi has struggled for regular starts in a side that boasts superstars Kylian Mbappe, Neymar and Lionel Messi.
Transfer expert Fabrizio Romano claims that the north London giants decided not to pursue the Argentine as they were focused on landing Gabriel Jesus.
‘Arsenal have had many opportunities that they have turned down, but this happens in all the top clubs every day,’ Romano wrote in his column for Caught Offside.
‘For example, Mauro Icardi was an option offered to the club in recent months and it was decided not to proceed because they were looking for a different striker, Edu has always had Gabriel Jesus in mind as a priority.
‘Sometimes the refusal is for technical reasons, other times for economic reasons.’