The summer transfer window has now begun, with rumours and speculation continuing to swirl as Arsenal eye possible reinforcements.
The Gunners spent more than many expected last summer - most notably their club-record purchase of Nicolas Pepe - but were more reserved in January as they focused on bolstering their defensive options.
Here, Sports Mole rounds up the latest news on possible comings and goings at the Emirates Stadium.
Monday morning's Arsenal transfer talk news roundup:
Bayer Leverkusen to spend Kai Havertz funds on Hector Bellerin, Serge Aurier?
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Bayer Leverkusen have reportedly identified Hector Bellerin and Serge Aurier as potential summer targets.
Having completed the big-money sale of Kai Havertz to Chelsea, Leverkusen have the funds to make several significant additions before the end of the transfer window.
According to The Telegraph, Arsenal's Bellerin is very much on their radar as they consider strengthening in the right-back area.
Despite his long-term association with the Gunners, the Spaniard has been heavily linked with a switch to either Juventus or Paris Saint-Germain.
The report adds that Leverkusen also hold an interest in Aurier, whom Tottenham Hotspur may be prepared to sell for the right price.
Their respective clubs allegedly value the pair in the region of £25m.
Lyon 'reject player-plus-cash bid for Houssem Aouar'
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Arsenal have reportedly failed with a player-plus-cash offer for Lyon midfielder Houssem Aouar.
While the France international is one of the club's key men, the French outfit are looking to raise funds and reduce their wage bill over the coming weeks.
That has led to frequent speculation regarding the future of the 22-year-old, who has been linked with Manchester City and Juventus.
However, according to RMC Sport, it is Arsenal who have failed with the most recent approach for Aouar.
The report claims that Lyon shunned a bid of £31.2m plus an unnamed player, instead insisting that they wish to recoup at least £45m for arguably their most prized asset.
Aouar has spent his entire career at Lyon, contributing 24 goals and 27 assists from 137 appearances in all competitions.
More transfer news from Arsenal:
Jose Mourinho 'personally calls Sergio Reguilon in attempt to hijack deal'
Tottenham Hotspur manager Jose Mourinho reportedly calls Real Madrid left-back Sergio Reguilon personally in an attempt to hijack his proposed move to Manchester United. Read more.
