Arsenal are not expected to make another signing but football.london understands there is still a slim possibility that a few youngsters could leave the club on loan.
The Gunners are happy with their incoming business - signing Pablo Mari and Cedric Soares on loan deals - as they give Mikel Arteta more cover and balance in defence.
"We've been trying to be active in the market and resolve some of the issues we've been going through in the last few weeks," Arteta said in .
"We found two players we believe can be very useful and improve our squad with the resources we have at the club and we are happy with what we've done."
However, with hours still remaining in the transfer window, the club may look to continue to take advantage of the loan market. This wouldn't be with any players near the first team just Under-23s players in need of first team experience.
As Arteta has shown in his two FA Cup outings, it'll be tough for youngsters to get minutes in Arsenal's cup runs. Eddie Nketiah, Joe Willock and Reiss Nelson have shone in these games but all three already have first team pedigree.
Having got a grip of the loan market early this month, the Arsenal hierarchy are already seeing the fruits of their labour.
Tyreece John-Jules has hit the ground running at Lincoln City and Emile Smith Rowe is starting to get regular first team football at Huddersfield. Konstantinos Mavropanos also made his FC Nuremberg debut on Thursday (January 30) and seeing as they were interested in loaning him last summer, he should be expected to play more regularly over the course of the season too.
Seeing the benefits of loaning players out to clubs who will play them, Arsenal entered that section of the market once more on January 27 when James Olayinka's move to Northampton Town was confirmed. He has since made his debut for the Cobblers in their 3-0 victory over Scunthorpe United.
In all of these deals, Arsenal's change in approach to how they nurture young talent has shone through. Rather than allowing players to coast in the Under-23s and become stagnant, they are actively looking to improve them so they can be ready to make the step up to the first team when needed.
Ensuring cases like Jeff Reine-Adelaide, Donyell Malen and Ismael Bennacer don't repeat themselves - as reported by James Benge- the club's decision process has been vital to this. Extending past just the loan manager Ben Knapper, the Gunners take an in depth look at the positives and negatives of sending players to specific clubs.
Arteta has also addressed how he helps youngsters choose where they will go out on loan.
"I always suggest when you go on loan, you speak to the manager and make sure he really wants you," he said when discussing how he decides where players go on loan.
"He has to tell you exactly what he’s expecting from you. If he convinces you that it’s the right move for you, you have to go and prove yourself.
"It’s more the overall fit and the communication between the clubs that is clear what we are trying for that player to develop. We want the player to be comfortable and that he can see the path is the right one."
There are no guarantees that any deals will be done before the 11pm deadline but still being open to the possibility, Arsenal are demonstrating that they are finally understanding the importance of the loan market.
With Arteta pinning such importance on his first season at the club - aiming to keep Arsenal in Europe - first team chances will be few and far between for these players.
As a result, the best thing for them would be to go out on loan. There's no substitute for practical experience, which they will get if deals are completed, and that will benefit both themselves and the club.