The January transfer window is now open, with Arsenal continuing to be linked with a host of big names.

The Gunners have endured a torrid first half of the season and have been tipped to bolster their ranks this month - in addition to offloading out-of-favour players - in a bid to turn their campaign around.

Here, Sports Mole rounds up the latest news on possible comings and goings at the Emirates Stadium.

Friday morning's Arsenal transfer talk news roundup:

Mesut Ozil 'agrees permanent Arsenal exit'

Fenerbahce have reportedly won the race to sign Arsenal midfielder Mesut Ozil during the January transfer window.

Having been frozen out by Gunners boss Mikel Arteta, Ozil's future has been frequently discussed over the coming months.

DC United have recently emerged as a possible destination for the playmaker, who has been open to a switch to the MLS.

However, DHA claims that the Germany international has agreed a three-and-a-half-year contract with Fenerbahce.

The Turkish giants have been long-term suitors of Ozil and the 32-year-old is expected to leave the Emirates Stadium on a free transfer.

Ozil has not made a first-team appearance for Arsenal since before the coronavirus pandemic.

Arsenal handed boost in pursuit of Borussia Dortmund's Julian Brandt?

Borussia Dortmund could reportedly sanction a temporary exit for Arsenal-linked playmaker Julian Brandt this month.

The Gunners have been tipped to move for the 24-year-old in a bid to solve their creativity problems, with current number 10 and outcast Mesut Ozil understood to be closing in on a move to Fenerbahce.

While Borussia Dortmund's sporting director Michael Zorc has affirmed that no contact has been made regarding a transfer for Brandt, Arsenal have supposedly been handed a boost in their pursuit of the midfielder.

According to Bild, Dortmund are prepared to let Brandt depart on loan during the January transfer window as he struggles for regular starts at the Westfalenstadion.

The report adds that it would take a lucrative offer to prise the Germany international away temporarily, but the Dortmund hierarchy do not want to sell him on a permanent basis as they believe he can still make a big impact at the club.

Brandt has only managed one goal and one assist in all competitions this term, as well as starting just six Bundesliga games in the 2020-21 campaign so far.

More transfer news from Arsenal:

Mikel Arteta provides update on Mesut Ozil future
Mesut Ozil has not played for Arsenal in 10 months and can leave on a free this summer. Read more.

Liverpool handed Folarin Balogun boost?
Liverpool-linked Folarin Balogun is set to leave Arsenal after talks over a new contract failed to bear fruit, according to a report. Read more.

Fenerbahce boss refuses to rule out Mesut Ozil signing this month
Fenerbahce manager Erol Bulut remains tight-lipped over the situation of Arsenal's Mesut Ozil but refuses to rule out a January move for the playmaker. Read more.

Paris Saint-Germain 'won't move for Christian Eriksen'
Paris Saint-Germain boss Mauricio Pochettino is reportedly not interested in securing a reunion with Inter Milan midfielder Christian Eriksen. Read more.