We are still waiting to see what business Arsenal will do in the transfer window this summer.
The Gunners, as always, have been linked with a host of players as Mikel Arteta tries to put his stamp on the squad at the Emirates.
Here are the latest Arsenal transfer rumours.
Coutinho agrees terms
Barcelona outlet Catalan Sport claims Arsenal have agreed personal terms with Philippe Coutinho ahead of a potential move to the Emirates.
The attacking midfielder is set to return to Barcelona from his loan at Bayern Munich when the German club's Champions League run is over.
He is said to be surplus to requirements at the Nou Camp and the Gunners have been heavily linked.
It has now been reported that the 28-year-old has agreed personal terms with the Gunners over a season-long loan.
James Rodriguez linked
AS claim that Arsenal are determined to sign James Rodriguez this summer.
The 29-year-old looks set to leave Real Madrid this summer, having made just 14 appearances for the Spanish club this summer.
Atletico Madrid were thought to be leading the race to sign him but reports in Spain now claim that Arsenal are showing the strongest interest.
The Gunners are said to be 'desperate' to bring him to the Emirates.
Milan target Torreira
The Telegraph claim that AC Milan have joined the race for Lucas Torreira.
Torreira has already hinted that he may leave Arsenal this summer and has been linked with Torino and Fiorentina.
Milan have now joined the race, with Mikel Arteta reportedly open to letting the midfielder leave the Emirates.
The Gunners' asking price is said to be around £26m.
