The Gunners manager has re-signed Dani Ceballos on a season-long loan deal from Real Madrid, with the Spaniard joining Willian and Gabriel Magalhaes as the three summer arrivals so far.
But another midfielder is on the agenda, with Atletico Madrid’s Thomas Partey understood to be a key target, whilst Lyon’s Houssem Aouar has also been linked with a move to the Emirates Stadium.
There also looks to be some outgoings, with the likes of Emiliano Martinez, Sokratis, and Lucas Torreira all linked with moves away from north London.
With that said, here are the latest Arsenal transfer rumours.
£10m Raya bid
With Emiliano Martinez on the verge of signing for Aston Villa in a £20m deal, the Gunners will invest half of those funds in bringing in a replacement.
According to the Sun, Arsenal are set to make a £10million bid for Brentford’s David Raya.
In addition, the report states that the 25-year-old is said to be keen to play Premier League football, though would be brought in as understudy to Bernd Leno.
Interestingly, Raya was omitted from Brentford’s squad for their Championship opener with Birmingham City amid transfer interest from Arsenal.
Is this the clearest hint yet that he will be on the move this summer?
£22.5m bid for Odsonne Edouard
Arsenal have reportedly made £22.5m bid for Odsonne Edouard, who hit 28 goals in all competitions for Celtic last season.
And the hope is that they will be able to complete a similar deal to that which brought Kieran Tierney to the club from Celtic last year.
“It’s our information that there is an interest from Arsenal in Odsonne Edouard, the France [youth] international striker currently at Celtic,” Ian McGarry said on the Transfer Window podcast.
“It’s our information that the initial offer from Arsenal was £15m, which was rejected by Celtic.
“That offer has since been increased to £20m with add-ons up to the value of another £2.5m.
“However, the payment would be staged over four years, something which of course we saw last season with the transfer of Kieran Tierney to the Emirates. Celtic would prefer to have a much bigger payment up front.”
Why should you sign up?
Houssem Aouar is the talk of all Arsenal fans at the moment and football.london will bring you the very latest updates on the Gunners’ transfer pursuit of the Lyon midfielder.
By signing up for our Arsenal newsletter, you will receive a once-daily email, the majority of which will contain the very latest on Aouar, his future and the latest transfer goings-on generally at Arsenal.
We’ll also send out special newsletters on Aouar with any big breaking news around his future and how it impacts Arsenal.
How do you sign up?
It’s easy and only takes seconds.
Simply type your email address into the box at the top of this article – or any article on the Arsenal section of football.london in fact – labelled ‘Get the biggest daily stories by email’ and click ‘Subscribe’.
And that’s it, you’re all set.
If you decide later that you no longer wish to receive the emails, simply follow the unsubscribe link in one of the newsletters – but we don’t think you’ll want to.
For more details, click here.
Reports linking Houssem Aouar with a move to Arsenal are heating up.
Lyon sporting director Juninho has previously confirmed talks have taken place.
“I get on very well with the Sporting Director (Edu),” Juninho said. “We spoke on the phone. Houssem Aouar is really well liked by Arteta.
“There were some discussions for Matto Guendouzi, who is also a good player. He was brought up during the discussion. But we don’t need his profile, we were very clear.
“If it is like that, we are not interested at all, we cut the conversation, that is where things ended.”
And now it’s being claimed that further talks between Arsenal and Lyon are planned.