Arsenal are just days away from finishing their Premier League campaign.
Participation in the somewhat less appealing Europa League is far more likely at this point, and even without Champions League football, Arteta is going to have to strengthen his squad to balance Premier League and European efforts.
Here we round up all the latest Gunners transfer rumours:
Arsenal are said to be having doubts over the possible signing of striker Gabriel Jesus.
The Manchester City star has been heavily linked with a move to the Gunners, but City are said to be asking for big money.
ESPN report that City want £55million for Jesus, but Arsenal are not keen to spend that much on the Brazilian this summer.
The Gunners are being backed to sell two unwanted players on the cheap this summer.
According to Goal, Arsenal will offload Matteo Guendouzi and Konstantinos Mavropanos for as little as £15m.
Guendouzi has spent this season out on loan with Marseille, while Mavropanos has been with Stuttgart for almost two years on a loan deal.
Juventus are reportedly in London to hold talks with Arsenal centre-back Gabriel Magalhaes.
Juve chief Federico Cherubini is reportedly holding talks with Gabriel’s agent in a bid to try to pursuade the Arsenal star to join the Serie A giants.
That’s according to Italian outlets Tuttosport and Corriere dello Sport, and it could be a huge blow for Arsenal as they look to build on this season’s progress.