There is under a week left in the summer transfer window for Arsenal to do their business.
The Gunners have now completed four signings, as William Saliba, Dani Ceballos and 18-year-old Brazilian forward Gabriel Martinelli were joined at the Emirates Stadium by Nicolas Pepe, with the Gunners sealing a sensational swoop for the Lille winger on Thursday.
On the pitch, Arsenal have completed their pre-season tour of the United States of America, and were beaten by Lyon in Emirates Cup on Sunday.
They drew 1-1 with Angers on Wednesday, before winning on penalties as they stepped up their preparations for the start of the Premier League season.
Below, we take a look at the latest transfer rumours involving the Gunners for players who could arrive - and leave.
Philippe Coutinho
Barcelona are reportedly ready to let Philippe Coutinho leave on a loan deal, with Arsenal linked to the midfielder.
The Brazilian has been linked with a move to PSG among others this season, and Ernesto Valverde has apparently “given the green light” for the 27-year-old to leave this summer.
However, Mundo Deportivo state that a loan fee for the attacker would cost between £23m and £27m - the amortised fee that he cost Barcelona when joining from Liverpool.
Daniele Rugani
Juventus have rejected a two-year loan offer from Arsenal for centre-back Daniele Rugani.
The Gunners are attempting to bring in two more players before the transfer deadline day on Thursday, with a move for Celtic left-back Kieran Tierney said to still be the club’s priority.
However, according to Goal , Raul Sanllehi has made an offer to take Rugani on a two-year loan but has seen the bid rejected.
The Serie A side apparently have concerns over the fitness of Giorgio Chiellini, and want to go into the new season with five central defenders.
Rugani is apparently happy to stay in Turin and work with Maurizio Sarri after enjoying a good relationship with him while they were both at Empoli.