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Mikel Arteta’s side have been linked with the Newcastle striker (Picture: Getty)

Rio Ferdinand has urged Arsenal to go ‘all out’ in the January transfer window and sign Alexander Isak from Newcastle United.

The Magpies could be forced into selling one of their star players after the club confirmed losses of £150m in their latest financial reports.

Arsenal, meanwhile, are desperate to land a new striker and have been linked to Isak with a move for their top target Ivan Toney thought to be unlikely.

Isak has impressed this season with the Sweden international registering 10 Premier League goals across 16 appearances.

‘Alexander Isak was running in behind constantly [against Manchester City], if I’m Arsenal, I’m going all out and buying him,’ Ferdinand said on his FIVE podcast.

The former Manchester United defender was challenged by that remark due to how much Isak would cost but he added: ‘Why? They can’t spend… they’re struggling with [profit and sustainability rules].

‘I think there’s another jump up before [he goes to a club like Real Madrid]. I saw somewhere they have to sell before they can buy again.’

Alexander Isak has scored 10 Premier League goals so far this season (Picture: Getty)

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Newcastle boss Eddie Howe was asked about Arsenal’s interest in Isak on Saturday and admitted that the 24-year-old has ‘so much more to offer’.

‘He can go on to achieve incredible things in his career,’ Howe said about Isak. ‘He’s still getting back to 100 per cent fit, he is not totally there yet after his injury troubles this season.

‘But the last two performances and the goals he has scored offers a glimpse into his capabilities.’

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