CaughtOffside is reporting that Arsenal coach Arsene Wenger has been given the green light to sign Schalke midfielder Julian Draxler and Real Madrid striker Alvaro Morata during the January transfer window. According to the report, Wenger will look to complete both deals by the end of the week; Draxler has a buyout clause of 45 million euros ($61 million), while Morata would cost somewhere in the region of 15 million euros ($20 million).