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.

Tuesday morning's Arsenal transfer talk news roundup:

Arsenal 'working on new contracts for three players'

Arsenal are reportedly hopeful that captain Pierre-Emerick Aubameyang will be the first of three first-team players to sign new contracts before the start of the season.

Aubameyang has reportedly agreed terms on a £250,000-a-week deal to end speculation over his future at the Emirates Stadium, with his previous contract due to expire next summer.

Official confirmation is expected in the coming days, and The Mirror reports that Arsenal are working on tying down two other players who have been linked with a move away.

Manager Mikel Arteta is reportedly keen to keep Ainsley Maitland-Niles at the club amid speculation linking him with a move to Wolverhampton Wanderers or Newcastle United.

Emiliano Martinez could also be in line for a contract extension, having been chosen ahead of Bernd Leno for the Community Shield victory over Liverpool.

Martinez is only willing to stay at the Emirates Stadium if he is first choice after impressing while filling in when Leno was injured towards the end of last season.

Pierre-Emerick Aubameyang 'rejected two other bids to sign new Arsenal deal'

Pierre-Emerick Aubameyang reportedly knocked back offers from two other clubs before verbally agreeing to sign a new contract with Arsenal.

The Gabon international is expected to put an end to speculation over his future by penning fresh terms at the Emirates Stadium this week.

According to transfer expert Fabrizio Romano, an agreement is all but in place on a deal worth around £250,000 a week, making Aubameyang one of the Premier League's top earners.

It is claimed that the Arsenal captain had interest from elsewhere to consider, with two separate teams stepping forward with bids.

Aubameyang further underlined his importance to the North London outfit with a goal in Saturday's Community Shield victory over Liverpool at Wembley.

In a further boost for the Gunners, centre-back Gabriel Magalhaes's arrival from Lille is likely to be finalised in the coming days.

More transfer news from Arsenal:

Arsenal's Mesut Ozil 'offered lucrative contract from Saudi club'
Arsenal outcast Mesut Ozil is reportedly offered a staggering £15m-a-year deal by Saudi Arabian side Al-Nassr amid speculation over his future. Read more.

Dani Ceballos 'agrees return to Arsenal on loan from Real Madrid'
Arsenal are reportedly on the verge of completing another loan deal for Real Madrid midfielder Dani Ceballos, who spent the 2019-20 campaign with the Gunners. Read more.

Henrikh Mkhitaryan swaps Arsenal for Roma on permanent basis
The Armenian playmaker spent last season on loan at the Stadio Olimpico. Read more.

Leeds United pull out of race for Arsenal defender Rob Holding?
Leeds United reportedly end their bid to secure a season-long loan deal for Arsenal defender Rob Holding. Read more.

Lucas Torreira agent demands clarity over Arsenal future
The agent of Arsenal midfielder Lucas Torreira calls on Mikel Arteta to make a decision over the future of the Uruguay international. Read more.