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:

Sead Kolasinac set for Arsenal loan exit?

Arsenal defender Sead Kolasinac could reportedly be shipped out on loan to former club Schalke 04 for the 2020-21 campaign.

The 27-year-old was a key player for the Gunners during the 2019-20 campaign, making 32 appearances across all competitions as a left-back or as part of a back three.

However, Mikel Arteta is now believed to be planning a major overhaul at the Emirates ahead of next season, with Lille defender Gabriel Magalhaes set to become Arsenal's newest arrival after completing his medical.

With the futures of several Arsenal defenders currently shrouded in uncertainty, Sky Germany reports that Schalke will look to bring Kolasinac back to the Bundesliga for next season.

The report claims that the Bosnia and Herzegovina international would like to return to Germany for 'private reasons', and Schalke are optimistic that they will get a deal over the line despite the financial implications of the coronavirus pandemic.

Kolasinac, who has scored five times in 104 appearances for Arsenal, is under contract at the Emirates until 2022.

Wolverhampton Wanderers 'closing in on Ainsley Maitland-Niles deal'

Wolverhampton Wanderers have reportedly emerged as the favourites to sign Arsenal midfielder Ainsley Maitland-Niles.

Despite playing a crucial part in Arsenal's FA Cup run at the end of the season, club officials are ready to cash in on the versatile academy graduate for the right price.

While Tottenham Hotspur have previously been linked with the 22-year-old, the Evening Standard says that Wolves are expected to win the race for his signature.

The report suggests that Maitland-Niles is happy to make the switch to Molineux, where he is likely to be used at wing-back due to the long-term knee injury suffered by Jonny.

Although a fee is yet to be agreed, it is suggested that Wolves will need to pay £20m plus add-ons to get a deal over the line.

Maitland-Niles has made a total of 100 appearances for Arsenal in all competitions.

More transfer news from Arsenal:

Gabriel Magalhaes undergoes Arsenal medical ahead of move from Lille
The Brazilian will have to quarantine for 14 days. Read more.

Philippe Coutinho remains uncertain over Barcelona future
Arsenal target Philippe Coutinho reiterates that he remains unsure over whether he will remain at Barcelona next season. Read more.

Leeds United closing in on Arsenal starlet Sam Greenwood?
Newly-promoted Leeds United are reportedly close to snapping up 18-year-old forward Sam Greenwood from Arsenal. Read more.