The good feeling has returned to Arsenal after impressive wins over Arsenal in the Premier League and Manchester City in the FA Cup.
But there is no doubt Mikel Arteta will still be desperate to improve his squad this summer to get the club back into top-four contention.
But who are the Gunners being linked with? Who could be the next player through the door at the Emirates Stadium?
Here we take a look at all the latest rumours and gossip.
Coutinho-Guendouzi swap deal
Arsenal have been tipped to complete a sensational swap deal to land Philippe Coutinho.
According to the Daily Mail, the Gunners could swap Matteo Guendouzi for Barcelona misfit Coutinho.
Guendouzi is expected to leave this summer with Arteta reportedly unhappy with the Frenchman's attitude.
Meanwhile, Coutinho could also be looking out for a new club having failed to impress since his move from Liverpool for £105m rising to £142m.
The Daily Mail claim the two players could swap places, but for any deal to happen, it would also likely require the Gunners to put up some cash to make up at least some of the difference in the players' valuations.
Ozil turns down offer
Gunners midfielder Mesut Ozil has turned down an offer to join Fenerbahce.
Bild report Ozil, who is out of favour at the Emirates Stadium, is subject to interest from the Turkish giants.
But keen to fight for his spot at Arsenal, the German international has reportedly rejected the idea of joining Fenerbahce, who weren't able to match his current wage of around £350,000.
Ozil has made just 18 league appearances for Arsenal this season, slipping out of favour under Arteta.
Arsenal to miss out on free agent
Arsenal are set to miss out on Nice star Malang Sarr.
According to Italian football journalist Fabrizio Romano, Sarr is already in talks with sides from Serie A and Bundesliga with his contract set to expire.
That would suggest Arsenal, who have been linked in recent weeks, will miss out.
Sarr is a 21-year-old centre-back who is a France under-21 international.
He is set to leave Nice for free this summer after rejecting a new contract.
