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:

Arsenal to send Emile Smith Rowe out on loan?
Arsenal will reportedly loan out academy graduate Emile Smith Rowe during the January transfer window, along with a number of other prospects. Read more.

Arsenal 'to miss out on Barcelona's Jean-Clair Todibo'
Arsenal will reportedly miss out on Barcelona defender Jean-Clair Todibo, with the former Toulouse player set to join Schalke 04 on a six-month loan. Read more.

Arsenal 'pull out of Thomas Lemar race' amid Tottenham Hotspur speculation
Arsenal reportedly withdraw from the running to sign Atletico Madrid winger Thomas Lemar, leaving North London rivals Tottenham Hotspur in pole position. Read more.

Carlo Ancelotti 'wants Adrien Rabiot at Everton'
Carlo Ancelotti will reportedly target Juventus midfielder Adrien Rabiot this January to boost his Everton squad, with Arsenal and Tottenham Hotspur also interested. Read more.

Arsenal 'to focus on loan signings in January'
Arsenal will reportedly only target one or two loan signings this month after the club spent £130m on permanent transfers during the summer window. Read more.