The pair are closing in on strikes to north London and can take the Gunners’ summer season switch spending to over £200million.
Arsenal are set to pay an preliminary £100m for West Ham captain Rice, with an additional £5m in add-ons.
Ajax defender Timber will value Arsenal £34.2m up entrance, with an additional £4.3m as a result of be paid in add-ons.
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Arsenal have already spent massive this summer season after bringing in Germany worldwide Kai Havertz from Chelsea for £65m.
The Gunners’ spending is predicted to be offset by departures and on Thursday Granit Xhaka joined Bayer Leverkusen for £21.5m.
Xhaka signed a five-year contract with the German membership, who've been engaged on a deal since May.
“I know the league inside out and I watched it when I was in London,” mentioned Xhaka.
“Bayer is a club with an impressive history and ambitious targets. Above all, I see it as a club with a great future.
“Discussions with the management have been incredibly motivating. Everybody here is ambitious and wants to achieve something – I’m very much looking forward to the next few years.”
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