The transfer window is now open again, with rumours and speculation continuing to swirl as Arsenal eye possible January reinforcements.

The Gunners spent more than many expected during the summer - most notably their club-record purchase of Nicolas Pepe - and could look to further strengthen their squad when the window reopens.

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

Thursday morning's headlines:

West Ham United join race for Bournemouth winger Ryan Fraser?
West Ham United are reportedly ready to enter the race to sign Bournemouth winger Ryan Fraser, who is out of contract in the summer. Read more.

Arsenal to ward off Real Madrid interest in Gabriel Martinelli with new deal?
Arsenal are reportedly eager to hand a new contract to Gabriel Martinelli, who is said to be a target for Real Madrid. Read more.

Arsenal want Shakhtar Donetsk defender Mykola Matviyenko?
Arsenal are reportedly interested in securing a deal for Shakhtar Donetsk defender Mykola Matviyenko before the end of the January transfer window. Read more.

Pierre-Emerick Aubameyang 'has loyalty bonus in Arsenal contract'
Pierre-Emerick Aubameyang reportedly has a number of contract clauses, including a loyalty bonus, in his Arsenal contract. Read more.

Arsenal eye Wolves forward Raul Jimenez as Pierre-Emerick Aubameyang replacement?
Wolverhampton Wanderers forward Raul Jimenez reportedly emerges as a potential transfer target for Arsenal. Read more.

Arsenal 'learn Layvin Kurzawa asking price'
Arsenal are told that they will have to pay at least £4.2m in order to sign Paris Saint-Germain defender Layvin Kurzawa in January, according to a report. Read more.