Arsenal manager Arsene Wenger has stressed that the Gunners "would not have a problem" affording Wayne Rooney's wages.
Rooney is reportedly "angry and confused" with his treatment at Manchester United.
Athough Arsenal sold Robin van Persie to United last summer, Wenger insists the club have the financial muscle to bring Rooney in the opposite direction.
"It happened to us last year and it can happen to them," said Wenger, quoted in The Sun.
"Rooney is under contract and has two years to go so it's United who make the decision. But we would not have a problem with the wages of Rooney."
The Gunners boss would also be interested in bringing former midfielder Cesc Fabregas back to the Emirates Stadium but admits it will not be happening any time soon.
"Cesc has decided to stay one more year at Barcelona," he added.
"We have the clause in his contract to have the chance to buy him back so we would be on alert if that happens."
Rooney arrived at the Manchester United training ground on Thursday morning, driving into the Carrington training complex at around 9am.
He is set to continue receiving treatment for a hamstring injury, which prompted his early return from their pre-season tour.
United manager David Moyes, who is in Australia on the latest leg of the club's Far East tour made a public appearance in Sydney on Thursday - but refused to be drawn on the future of the England striker.
The 27-year-old forward was the subject of a bid from Chelsea earlier this week - something confirmed by Jose Mourinho at a press conference on Wednesday.
"Chelsea is interested in this player, made a bid, and what we did, we did officially," Mourinho said.
"The bid is there. The club knows we want the player, the player has to know we made a bid for him.
"Now we have nothing more to say. We want the player, we made the bid and now it is up to Man United and we respect their decision.
"Now I keep doing what I'm doing, working with my players, trying to improve my players, and we'll see what happens. Now he's with Man United, not with us.
"From me no more comments with respect to Man United, my colleague (United manager) David Moyes and my players."
Mourinho also denied that any Chelsea players were offered to United in part-exchange for Rooney, adding: "We don't want to make public the bid but it is just a certain amount of money and it doesn't involve players or players in the possibility of negotiation.
"No Juan Mata, no David Luiz."
Since taking charge at Old Trafford, Moyes has been adamant that Rooney is not for sale and he said recently: "Unless I was speaking Double Dutch last week, we said Wayne Rooney is not for sale.
"It's hard to keep repeating myself but I will. Wayne is a Manchester United player and it will remain that way."