Arsene Wenger eyes on former Arsenal players Mark Scwharzer and Joe Cole and likely to renew the contract of these two players after returning to London. A source said.

Wenger in his player hunting spree, has spent most of the time in South Africa scouting players and working part time for French Television. However, highly enthusiastic he would probably complete the transfer business during the next week ahead of Arsenal’s pre-season training camp in Austria.

Arsenal already has taken two major players Marouane Chamakh and centre-back Laurent Koscielny but willing to add strong defender and a new goalkeeper. It is reported that Mr. Wenger is willing to talk with Veteran Cole but its also rumored that his arrival is understood on the sale of a striker, probably Eduardo.

Last season Fulham knocked off Arsenal over Schwarzer but this time sale of Roy Hodgson to Liverpool brings a hope of a positive deal. Schwarger, 37 would be though not a permanent solution of goalkeeping flaws that cost heavily on Arsenal last season. Arsene Wenger has more trust on younger goalkeepers and it is believed that 20 year-old Poland international Wojciech Szczesny will be a long term solution for the Gunners. If Schwarzer comes then it would be a bad news of Manuel Almunia who suffers personal as well as professional set-backs.

Mr. Wenger is willing to add one more star defender in his wing in spite of £8.5 million deal with French club Lorient for transfer of young Koscielny.

At the end of last season, some of the star players like William Gallas, Philippe Senderos and Mikael Silvestre have departed and Sol Campbell is still to decide on one year contract. A grim chance for Germany defender Serdar Tasci who publicly admired Arsene Wenger.

“It is not over, we are still open to buy,” said Wenger. “We are still on the market for another defensive player because we have the need for one more.” Wenger is also confident that a recurrence of Nicklas Bendtner’s groin injury is not serious.