The summer transfer window has now closed, with Arsenal pulling off one of the standout deals on deadline day.
The Gunners triggered the release clause of Thomas Partey to cap off a relatively busy summer which saw the likes of Willian and Gabriel Magalhaes join too, and attention will now begin to turn to January.
Here, Sports Mole rounds up the latest news on possible comings and goings at the Emirates Stadium.
Tuesday morning's Arsenal transfer talk news roundup:
Arsenal will reportedly look to offload Nicolas Pepe in January if they can find a suitable buyer for the winger.
The Ivory Coast international has performed relatively well in the Europa League this season, but Pepe's struggles in the English top flight have been well-documented since his arrival from Lille last summer.
Pepe has chalked up a solitary goal from eight appearances in the 2020-21 Premier League and is currently serving a three-game ban for headbutting Leeds United's Ezgjan Alioski in last weekend's goalless draw at Elland Road.
As a result, the Daily Star claims that Arsenal chiefs are prepared to cut their losses and ship out the former Lille man in January, although a buyer may be hard to find in the current financial climate.
The report claims that Pepe has given a good account of himself in training, but the Gunners have accepted that forking out £72m for an attacker who was not Premier League-proven was poor business.
Pepe is contracted to the Gunners until the end of the 2023-24 season.
Lyon midfielder Houssem Aouar has effectively ruled out a move to Arsenal in the January transfer window.
The 22-year-old was thought to be on his way to the Emirates Stadium over the summer, but Arsenal's proposed offer for Aouar came up short and the midfielder ultimately stayed put in Ligue 1.
While the Gunners bolstered their engine room with the signing of Thomas Partey - who is now sidelined through injury for a number of weeks - Arsenal were understood to be plotting another swoop for Aouar in 2021.
However, the France international has affirmed that he is loving life in France and wants to help Lyon achieve their goals this season, telling RMC Sport: "I do not see how I could be unhappy in my city, in my club. That is something that I do not understand (rumours that he is unhappy at Lyon).
"I am very happy to be here, I took the decision to stay with the club that formed me, I savour every day I have here. Everything that I want, is to put this club back in its rightful place with my teammates.
"I am very happy to be here, we have an enormous amount of ambitions for this season."
Aouar has been a key player once again for Lyon this term, but the Arsenal target was left out of Rudi Garcia's squad to face Reims after allegedly refusing to take part in a post-match training session following their win over Angers.
More transfer news from Arsenal:
Juventus 'leapfrog Arsenal in Houssem Aouar race'
Juventus are reportedly leading the race to sign Lyon midfielder Houssem Aouar, who was linked with a move to Arsenal all throughout the summer. Read more.