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.

Thursday morning's Arsenal transfer talk news roundup:

Atletico Madrid 'willing to offer Arsenal three players for Alexandre Lacazette'

Atletico Madrid are reportedly prepared to hand Arsenal a choice of three players in a bid to push through a part-exchange deal for Alexandre Lacazette.

Having found himself in and out of the starting lineup under Mikel Arteta, the Gunners may be open to parting ways with the France international this summer.

For a number of months, Atletico have been among several clubs who are said to hold an interest in the attacker, who has scored 48 goals during his three years at the Emirates Stadium.

According to Marca, the Spanish giants want to boost their chances of signing the 29-year-old by giving Arsenal the opportunity to take their pick from a list of three players.

Rather than long-term Arsenal target Thomas Partey, the report says that Thomas Lemar, Angel Correa and Vitolo are the trio who have been mentioned.

Lacazette has two years remaining on his Arsenal contract.

Arsenal 'reject Wolverhampton Wanderers bid for Ainsley Maitland-Niles'

Wolverhampton Wanderers have reportedly failed with their opening bid for Arsenal midfielder Ainsley Maitland-Niles.

Earlier this week, it was claimed that the West Midlands outfit were keen on the Englishman, who could leave the Emirates Stadium for the right price this summer.

However, according to Sky Sports News, the Gunners have turned down an approach in the region of £15m.

The report suggests that the North London outfit will not consider a sale unless any interested club offers in excess of £20m.

Despite seeing their first bid rejected, Wolves are expected to return with an improved proposal after Nuno Espirito Santo identified the versatile 22-year-old as a key target.

Since coming through Arsenal's academy setup, Maitland-Niles has made a total of 100 appearances in all competitions.

More transfer news from Arsenal:

Barcelona midfielder Rafinha Alcantara attracting interest from Arsenal, Everton?
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