£40m on a midfielder - at first I put this into the "no chance" category but honestly Podolski/Cazorla could be gone soon.
£40m on a forward - I see it.
Now the question is can Draxler become a forward, and if so how quickly?
Does Wenger trust Giroud for next season as he bloods Draxler? If not, it becomes hard to imagine us spending £40m on a player 2+ years out from making an impact (assuming he doesn't take a wide position).
Assuming we're ready to spend and we need two players per position there's a big opening at LWF.