The January transfer window is now open, with Arsenal continuing to be linked with a host of big names.

The Gunners have endured a torrid first half of the season and have been tipped to bolster their ranks this month - in addition to offloading out-of-favour players - in a bid to turn their campaign around.

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:

Paris Saint-Germain 'offer Arsenal Julian Draxler, Matteo Guendouzi swap deal'

Paris Saint-Germain are reportedly willing to swap playmaker Julian Draxler with Arsenal midfielder Matteo Guendouzi.

The Gunners are close to signing Real Madrid midfielder Martin Odegaard on a loan deal until the end of the season, resulting in Mikel Arteta being well stocked for options in that area of the pitch until the summer.

However, according to L'Equipe, PSG are intending to make contact with Arsenal regarding a deal involving Draxler and Guendouzi.

Having witnessed Guendouzi revive his career on loan at Hertha Berlin, the French giants are interested in signing the 21-year-old at some point in 2021.

In order to offset some of their financial outlay, PSG are allegedly prepared for Draxler to move to the Emirates Stadium before the end of January.

Draxler, who is out of contract in five months' time, has been provided with just 31 minutes of football since the recent appointment of Mauricio Pochettino.

Lucas Torreira close to permanent Arsenal exit?

Arsenal are reportedly considering recalling Lucas Torreira from his Atletico Madrid loan spell in order to get the midfielder off their books permanently.

The Uruguay international has spent the past four months on loan at the Wanda Metropolitano after falling out of favour under Mikel Arteta.

Torreira has started only two games for Atletico in La Liga and the Champions League, though, and Tuttomercato suggests that he could be heading back to North London.

However, the Gunners supposedly have no plans to keep the 24-year-old and will instead look to offload him on a permanent basis.

Ligue1 side Monaco are said to be interested in signing Torreira on a three-year deal, but they must first agree a fee with Arsenal.

More transfer news from Arsenal:

Arsenal 'still interested in Emiliano Buendia'
Arsenal reportedly remain interested in signing Norwich City winger Emiliano Buendia during one of the next two transfer windows. Read more.

Shkodran Mustafi in talks over ending Arsenal contract early?
Shkodran Mustafi is reportedly set to become the latest player to leave Arsenal in the January transfer window on a free transfer. Read more.

Liverpool 'make contact with former Arsenal defender Sokratis Papastathopoulos'
Liverpool reportedly express an interest in signing defender Sokratis Papastathopoulos, who has recently been released by Arsenal. Read more.