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.
Monday morning's Arsenal transfer talk news roundup:
Atletico Madrid are reportedly in talks with Arsenal over a possible deal for Lucas Torreira.
The Uruguay international was a regular for the Gunners during the 2019-20 campaign, making 39 appearances in all competitions, including 29 outings in the Premier League.
The 24-year-old has not been involved for Mikel Arteta's side this term, though, as the speculation surrounding his future continues to gather pace.
Torreira is believed to be keen on a return to Italy, but according to journalist Fabrizio Romano, Atletico are currently holding discussions with Arsenal over a possible move.
Romano claims that the Spanish outfit are keen to sign the midfielder on loan with the option to buy, but the Gunners want to sell him in order to raise additional transfer funds to improve their squad.
Torreira has a contract at the Emirates Stadium until the summer of 2023.
Arsenal have reportedly already agreed terms with Houssem Aouar on a five-year deal and remain confident of finalising a transfer for the Lyon midfielder.
The 22-year-old is one of two midfielders believed to be on Mikel Arteta's radar, along with Atletico Madrid ace Thomas Partey, ahead of the October 5 deadline.
Lyon sporting director Juninho Pernambucano revealed earlier this week that no bids have yet been tabled, but that could soon be about to change.
Italian journalist Nicolo Schira suggests that while talks are ongoing between the two clubs, the France Under-21s international has made clear that he wants to move to the Emirates Stadium.
Aouar is said to have agreed terms with Arsenal as long as two weeks ago, leaving it down to the Gunners and Ligue 1 club Lyon to shake hands on a transfer fee.
Arteta has already strengthened his squad this summer with the arrivals of Gabriel, Willian and William Saliba.
More transfer news from Arsenal:
Arsenal 'turned down chance to sign Thiago Alcantara before Liverpool move'
Arsenal reportedly turned down the chance to move for Thiago Alcantara before his transfer from Bayern Munich to Liverpool. Read more.
Lyon president Jean-Michel Aulas does not expect Arsenal to sign Houssem Aouar
Lyon president Jean-Michel Aulas questions whether Arsenal have the cash to sign midfielder Houssem Aouar, with the Gunners still yet to table an official bid. Read more.
Report: Arsenal set loan condition by Brentford in David Raya deal
A report claims that Arsenal will have to agree to loan David Raya straight back to Brentford if they wish to sign the Spanish goalkeeper this summer. Read more.
Arsenal, Leeds United, Wolverhampton Wanderers want Reading's Michael Olise?
Reading youngster Michael Olise reportedly emerges as a transfer target for Arsenal, Leeds United and Wolverhampton Wanderers. Read more.
Liverpool 'contact Barcelona over Ousmane Dembele'
Liverpool approach Barcelona to discuss a loan move for French attacker Ousmane Dembele, according to a report. Read more.