The summer transfer window has now begun, with rumours and speculation continuing to swirl as Arsenal eye possible reinforcements.
The Gunners spent more than many expected last summer - most notably their club-record purchase of Nicolas Pepe - but were more reserved in January as they focused on bolstering their defensive options.
Here, Sports Mole rounds up the latest news on possible comings and goings at the Emirates Stadium.
Friday morning's Arsenal transfer talk news roundup:
Arsenal are reportedly now in a position to make a formal £36.5m offer for Lyon midfielder Houssem Aouar.
The 22-year-old has been touted as a target for numerous clubs over the past few transfer windows after starring in Ligue 1 and the Champions League.
Despite growing interest in the France international, Lyon sporting director Juninho Pernambucano revealed earlier this week that no bids have yet been tabled.
However, ESPN journalist Julien Laurens has indicated that may be about to change as Arsenal are ready to test the French club's resolve.
It is suggested that, following the £20m sale of Emiliano Martinez to Aston Villa and Lucas Torreira's likely move to Torino, Mikel Arteta's side can now afford to sign Aouar.
Atletico Madrid midfielder Thomas Partey also remains a reported target for the Gunners, but they are unlikely to follow through with that interest if Aouar joins.
Arsenal defender Sead Kolasinac is reportedly set to hold talks with Bayer Leverkusen later this week over a possible return to the Bundesliga.
Kolasinac has struggled to hold down a place in the side under Mikel Arteta, falling behind Kieran Tierney, Ainsley Maitland-Niles and Bukayo Saka in the wing-back positions.
The 27-year-old has been given the green light to leave the Gunners and, according to Sport Bild, Leverkusen are leading the way to land his signature.
Arsenal technical director Edu is said to be hopeful of pocketing £9m for the Bosnia-Herzegovina international, ruling fellow German side Schalke 04 out of the running.
Kolasinac previously spent five years with Schalke before joining Arsenal, where he has made more than 100 appearances in all competitions since 2017.
More transfer news from Arsenal:
Dijon's Runar Alex Runarsson 'set for Arsenal medical'
The 25-year-old has been earmarked as a replacement for Emiliano Martinez. Read more.