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:

Arsenal 'agree new contract with Pierre-Emerick Aubameyang'

Arsenal have reportedly agreed a new deal with club captain Pierre-Emerick Aubameyang.

The 31-year-old's existing contract at the Emirates Stadium is due to expire next summer, and he has been strongly linked with a move away from the Gunners in recent months.

Aubameyang led Mikel Arteta's side to the FA Cup trophy during the 2019-20 campaign, though, and ended the season with 29 goals in 44 appearances in all competitions.

According to The Telegraph, Arsenal have now 'agreed terms' with Aubameyang over a new deal, meaning that an announcement could be imminent.

The Gabon international dropped a hint on Sunday afternoon that he is close to penning a new contract.

The former Borussia Dortmund forward has scored 70 times in 109 appearances for the Gunners since arriving at the London club in January 2018.

Arsenal 'make Philippe Coutinho proposal to Barcelona'

Arsenal have allegedly upped their efforts in the race to sign Barcelona playmaker Philippe Coutinho.

With Bayern Munich unwilling to take up their option to keep the Brazilian on a permanent deal, Barcelona have been left to wait for offers from elsewhere.

Given their need to raise funds for new players and to balance the books, the Catalan giants are eager to sell the former Liverpool man.

However, according to reports in Spain, Arsenal have made contact with the La Liga runners-up to propose a loan agreement with the option to buy.

Although agreeing to that compromise would get the 28-year-old off the wage bill, it is suggested that Barcelona officials are not prepared to accept such a bid at this time.

Coutinho netted a double on Friday evening as Bayern thrashed his parent club by an 8-2 scoreline in the Champions League quarter-finals.

More transfer news from Arsenal:

Ghana boss urges Thomas Partey to snub Arsenal
Atletico Madrid midfielder Thomas Partey should reject the chance to sign for Arsenal, according to Ghana boss CK Akonnor. Read more.

Arsenal's Alexandre Lacazette 'among Juventus targets'
Juventus are interested in signing Arsenal striker Alexandre Lacazette this summer, according to a report. Read more.