The transfer window is now open again, with rumours and speculation continuing to swirl as Arsenal eye possible January reinforcements.
The Gunners spent more than many expected during the summer - most notably their club-record purchase of Nicolas Pepe - and could look to further strengthen their squad when the window reopens.
Here, Sports Mole rounds up the latest news on possible comings and goings at the Emirates Stadium.
Friday morning's headlines:
Manchester City lining up £38m bid for Juventus defender Merih Demiral?
Manchester City are reportedly ready to rival Manchester United, Arsenal and Leicester City for Juventus defender Merih Demiral by tabling a £38m bid for the 21-year-old. Read more.
Arsenal 'looking to sign box-to-box midfielder in January'
Arsenal are reportedly keen to bring in a box-to-box midfielder and a defender this month, despite manager Mikel Arteta claiming that there would be no major signings. Read more.
Chelsea offered Atletico Madrid winger Thomas Lemar ahead of Tottenham Hotspur?
Chelsea are reportedly offered the chance to sign Atletico Madrid winger Thomas Lemar, who has also been linked with Premier League rivals Tottenham Hotspur and Arsenal. Read more.
Manchester United, Arsenal to battle for Barcelona defender Samuel Umtiti?
Manchester United, Arsenal and Tottenham Hotspur are all reportedly interested in signing out-of-favour Barcelona centre-back Samuel Umtiti in January. Read more.
Manchester United, Arsenal 'submit offers for Edinson Cavani'
Manchester United and Arsenal reportedly table bids for PSG striker Edinson Cavani, who is out of contract in the summer and has been linked with Atletico Madrid. Read more.
Arsenal 'eye Brazilian starlet as Hector Bellerin replacement'
Arsenal are reportedly looking to sign Coritiba youngster Yan Couto as a replacement for Hector Bellerin. Read more.
Arteta warns Arsenal fans not to expect "big" transfer moves
Arsenal spent big in the summer and their new manager is not awaiting a repeat this month. Read more.
Arsenal to rival Manchester United, Spurs for Lille's Boubakary Soumare?
Arsenal reportedly inform Lille that they are ready to complete a deal for midfielder Boubakary Soumare, who is attracting interest from several Premier League clubs. Read more.
Borussia Dortmund join Arsenal, Spurs in race for Norwich City's Max Aarons?
Borussia Dortmund reportedly join Arsenal and Tottenham Hotspur in expressing an interest in Norwich City defender Max Aarons. Read more.
Crystal Palace 'reject Bayern Munich loan bid for Wilfried Zaha'
Crystal Palace reportedly reject a loan bid from Bayern Munich for £80m-rated winger Wilfried Zaha, who has also been linked with Chelsea, Arsenal and Tottenham Hotspur. Read more.