Arsenal boss Arsene Wenger has identified his preferred replacement for striker Thierry Henry.

DiarioSport says the Gunners intend to use the cash raised from Henry's sale to Barcelona to swoop for Real Zaragoza ace Diego Milito.

Argentina international Milito is ready to leave Zaragoza this summer with brother Gaby already having agreed to a move to Juventus. Along with Arsenal, Liverpool boss Rafa Benitez is also keen on the prolific forward.

Meanwhile, Barca's contract for Henry will be for three years, with the option for a fourth, and set at £7 million-a-season.