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:
Everton offer £60m plus Cenk Tosun for Crystal Palace winger Wilfried Zaha?
Everton reportedly tell Crystal Palace that they are prepared to pay £60m plus Cenk Tosun in order to sign winger Wilfried Zaha. Read more.
Nicolas Pepe 'moving closer to Napoli switch'
Napoli are reportedly close to completing the signing of the much coveted Nicolas Pepe after agreeing terms with the Ivorian's representatives on Thursday. Read more.
Arsenal, Aston Villa want Egypt international goalkeeper Mohamed El Shenawy?
Arsenal and Aston Villa are both reportedly interested in signing Egypt international goalkeeper Mohamed El Shenawy this summer. Read more.
Arsenal are reportedly just £2m away from a deal to sign Celtic left-back Kieran Tierney, having already had two bids rejected for the 22-year-old Scotland international. Read more.
Emile Smith Rowe to leave Arsenal on loan?
A number of sides are interested in signing Arsenal starlet Emile Smith Rowe on loan this summer, with Wolfsburg the latest to show an interest in the 18-year-old. Read more.