The Gunners are making the final preparations ahead of facing Liverpool in the Community Shield this weekend but will be looking to add some signings soon.
Here are the latest Arsenal transfer rumours.
Trio offered for Lacazette swap
Marca claim Atletico Madrid will offer one of three players in exchange for Arsenal star Alexandre Lacazette.
Whilst Arsenal have Atletico star Thomas Partey as one of their top targets this summer, Los Rojiblancos have refused to contemplate including him in any deal for the French striker.
Instead, they would be willing to offer Thomas Lemar, Angel Correa and Vitolo as makeweights for any potential deal for Lacazette.
It was a deal previously offered to Arsenal in January but the Gunners rejected it.
The financial impact of the coronavirus could well see a change of heart from Arsenal this summer, though.
Marca also claim that Ronald Koeman is set to sit down with Philippe Coutinho in order to discuss the player’s future at Barcelona.
Coutinho is set to return to the Nou Camp after his loan at Bayern Munich came to an end following this month’s successful Champions League campaign.
Recent reports have claimed that Koeman is open to Coutinho staying at Barcelona – a stance that may well have been strengthened by the news that Lionel Messi is looking to leave.
Yet Coutinho is keen for a return to the Premier League and is unsure over remaining at the Nou Camp.
Arsenal are named as one of three clubs to have already enquired about Coutinho’s situation along with Manchester United and Chelsea.
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Gazzetta dello Sport report that Roma are upping their interest in Sead Kolasinac.
The Italian club are said to have held an interest in the defender for two seasons and are now looking to strengthen their left flank.
Kolasinac could well be available for as little as €15m as Mikel Arteta looks to overhaul his defence this summer.
Schalke have also been linked with a move for the player, who they sold to Arsenal in 2017.