The transfer window may be closed, but rumours and speculation continue to swirl as Arsenal eye possible January reinforcements.

The Gunners spent more than many expected during the summer - most notable their club-record purchase of Nicolas Pepe - and could look to further strengthen their squad when the window reopens.

Here, Sports Mole rounds up the latest news on possible comings and goings at the Emirates Stadium.

Wednesday morning's headlines:

Barcelona, Real Madrid 'to move for Pierre-Emerick Aubameyang'
Barcelona and Real Madrid are reportedly considering making a bid for Arsenal forward Pierre-Emerick Aubameyang. Read more.

Arsenal chiefs 'cornered Unai Emery in tunnel after Southampton draw'
Unai Emery is reportedly cornered by Arsenal owners Raul Sanllehi and Edu following the club's 2-2 draw with Southampton on Saturday. Read more.

Arsenal 'fear top stars will leave if Unai Emery stays'
Members of the Arsenal hierarchy reportedly fear that Alexandre Lacazette and Pierre-Emerick Aubameyang will leave the club if Unai Emery continues as manager. Read more.

Pep Guardiola: 'Mikel Arteta not leaving Manchester City amid Arsenal links'
Pep Guardiola confirms that assistant coach Mikel Arteta will remain at Manchester City for the rest of this season amid rumours of the Spaniard becoming Arsenal boss. Read more.