Arsenal ultimately suffered a disappointing first campaign under Unai Emery in 2018-19, missing out on a top-four finish in the Premier League and then seeing their final chance of Champions League qualification ended by defeat in the Europa League final.
The Gunners are eager to bolster their squad this summer in an attempt to return to the top table of European football, but Emery is understood to have been given a transfer budget of just £45m to work with.
Here, Sports Mole rounds up the latest news on possible comings and goings at the Emirates Stadium.
Friday morning's headlines:
Dani Alves reportedly turns down the chance to join either Manchester City or Arsenal in favour of signing for Sao Paulo. Read more.
Juventus reportedly give Sami Khedira the opportunity to select his next club, with each of Arsenal and Wolverhampton Wanderers said to hold an interest. Read more.
Manchester United could reportedly turn their attentions towards Daniele Rugani as Ole Gunnar Solskjaer continues his summer hunt for a centre-back. Read more.
Arsenal confirm Nicolas Pepe signing for club-record £72m fee
The transfer eclipses the £55million spent on Pierre-Emerick Aubameyang. Read more.
Arsenal's five most expensive signings as Nicolas Pepe takes top spot
Nicolas Pepe has taken top spot in the list after his £72million move. Read more.
Unai Emery: 'Nicolas Pepe to Arsenal is not closed'
Arsenal boss Unai Emery denies that his club have already completed a deal for Lille attacker Nicolas Pepe. Read more.