We are nearly in the final week of the transfer window.
The window shuts a week on Monday, meaning time is running out for clubs to seal any deals.
With that in mind, here are the latest Arsenal transfer rumours.
Fresh Houssem Aouar bid
Arsenal are preparing a second bid for Houssem Aouar.
Having already seen an opening bid in the region of £32m for the midfielder knocked back by Lyon, the Gunners are set to up their bid.
The second bid is thought to be £36.5m with another £10m in add-ons.
Luna blow
The Mirror report that Arsenal are behind AC Milan and Manchester United in the race for Alex Luna.
Sixteen-year-old Luna scored 16 goals for Atletico Rafaela last season to become one of football's hottest teen sensations.
Whilst the Gunners have watched him closely, they are thought to be behind AC Milan and United in the race to land the attacker.
Torreira move off
Torino have confirmed that they will not be able to land Lucas Torreira this summer.
Arsenal are hopeful of moving the midfielder on in order to make room for Thomas Partey and Houssem Aouar.
Yet their asking price of £20m means that Torino sporting director Davide Vagnati ruled his side out of the running for the player.
He said: "Torreira is a top player but his price is too high. It's difficult to sign him from Arsenal, not just for us."
