With a reported 40m budget we're definitely going to wheel and deal this summer-

Of course with

Ramsey (100-120k)
Welbeck (100k)
Cech (100k)

definitely leaving that frees up already some extra wages.

Add in likely free departure

Lichsteiner (60-80k)

That's about 400k of the books

Now with our current players there are obvious candidates to sell and certain tough decisions-

Ospina- 2nd choice GK now but likely to be sold. Ideally we should be looking at 6-8m but I think we'll sell him much cheaper.
Takuma Asano- Doesn't look like has a future anywhere at the club
Calum Chambers- We rejected a 23m bid from Palace 2 years ago. Now is the ideal time to get a similar or bigger fee and re-invest in the squad.
Jenkinson- Obviously on high wages otherwise you can't justify how he is still here. In his final year so maybe we can cut a deal where he goes for a million or something and we cut our wage expense on him too.
Mustafi- Clearly not upto it here. Maybe a slower league like Italy or Spain would benefit him. Hoping for 10m and I suppose club do want to sell.
Lacazette- Surprise name and hugely debatable but consider a 60-70m fee for a 28 year old who is not the most prolific and the ability to replace with an actual gold standard winger?
Iwobi- 23 with 3 league goals in the front 3 in his last 3 seasons here. Liverpool paid for half of Mane with Ibe. Is he worth spending time on as he's not productive in the front 3, does not have a clear position behind those 3 and the ability to re-invest for a more productive winger?
Ozil- 350k a week. Clearly not performing to the level of the 2nd highest paid player in England. Clearly we want to get rid but how? Who will actually want to sign a guy who doesn't even to me look interested in football since 18 months.
Mkhitaryan- 200k a week and flopped in both Arsenal and ManUtd. I think we can get a decent fee from some russian/chinese club for him.

Edit:

Xhaka- SIgned a new long-term deal but still prone to errors. No improvement under Unai for him.
Kolanisac- Good but inconsistent wingback. Highly suspect as a fullback.

Thoughts?