The transfer window is here and, even though Arsenal's season isn't over yet, the Gunners are being linked with many players all over Europe.
Some are more believable links than others and we've worked our way through them to bring you the best of today's Arsenal transfer rumours in one place.
The Gunners transfer budget is dependant on how the Europa League final goes, if they win and reach the Champions League Arsenal fans can expect a bit more money spent this summer.
Here are the latest Arsenal transfer rumours from around the globe.
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Waler Kannemann
The Gremio defender has been front and centre for Arsenal today with rumours of a reported £10.5 million bid coming from the club this morning.
He has been with the Brazilian club since 2016 and has impressed enough that Arsenal are said to be looking at bringing him over to Europe.
The former Atlas defender has a £17million release clause in his contract but Walter Kannemann's agent provides update on reported £10.5m bid from Arsenal
Gremio manager Renato Portaluppi said: "Until concrete proposals have been reached, there's no use in coming forward.
"If that happens, well, that's where we stand. If Grêmio loses one or another player, you can be sure that you will get a replacement too."
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Kannemann, 28, would likely be seen as a replacement for one of the defenders that could leave Arsenal this summer.
With AC Milan apparently interested in signing Shkodran Mustafi that could leave his place in the side free to bring Kannemann in.
Thomas Partey
It's hardly a secret that Arsenal are going to be looking for a replacement for Aaron Ramsey this summer and the Mirror think they've found Unai Emery doing just that at a recent La Liga game.
The Arsenal boss was spotted at the Estadi Ciutat de València watching Levante host Atlético Madrid.
They report that he was there to watch Atlético's Ghanaian midfielder Thomas Partey, who the Gunners apparently see as the replacement to Ramsey that the club will need this summer.
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Atlético were 2-0 down at half time against the Valencia-based side, leading Diego Simeone to hook Thomas at half-time which means Emery will not have been able to see as much of the 25-year-old as he would have hoped.
Arsenal will likely need to win the Europa League if they are to go after Thomas as his agent has revealed that Thomas has a £43.5 million release clause in his contract.
Kostas Manolas
Roma's Greek centre-back is apparently another of Emery's targets to rebuild the defence at the Emirates.
According to Italian outlet Il Messaggero he has a release clause in his contract that stands at £31 million, which again seems high for an Arsenal side working on a budget to achieve.
However, they report that the Gunners are planning to trigger that clause this summer and bring the 27-year-old centre-back to north London.
His contract in the Italian capital runs until 2022, having been in Serie A since 2014.
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Manolas has 39 caps for Greece to his name and Emery apparently sees him as an answer to the defensive frailties that have plagued Arsenal in recent seasons.
Alexis Claude-Maurice
This one is slightly less of a household name.
Claude-Maurice is currently plying his trade in the French second tier with Lorient but has been attracting some attention from other teams in Europe's top leagues.
The 20-year-old has been watched by the Gunners throughout this season and has impressed in Ligue 2.
Norwich have apparently also been watching him and, after their promotion, are reportedly ready to sanction a £9 million bid for the forward.
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