But while much of the focus will be on potential incomings, there’s also the very real likelihood that a number of players could leave the Emirates too.
Offloading certain talents may be just as important as bringing people in this summer, with the transfer window opening on June 10th.
And as always, there’s no shortage of speculation surrounding Mikel Arteta’s squad, and who could depart.
But which players could actually leave the club?
We’ve looked through all of the Gunners’ first-team stars and assessed which ones could potentially seal an exit in the near future.
Each player has been rated based on how likely they are to depart the club, whether it be on loan or permanently.
And as always, there’s no shortage of speculation surrounding Mikel Arteta’s squad, and who could depart.
13. Mohamed Elneny - Very unlikely
The Egyptian only penned a fresh deal with Arsenal a fortnight ago, all but assuring his fate this summer.
14. Albert Sambi Lokonga - Unlikely
While the Gunners are understood to be targeting a new central midfielder, it’s unlikely to come with the caveat of Lokonga being sold to make way.
15. Bukayo Saka - Possible
While no Arsenal fan will want to face up to the prospect of Saka leaving, persistent reports of Man City’s interest in the England international are hard to ignore. Would the Gunners be able to fend off a big money bid this summer?
16. Martin Odegaard - Very unlikely
The Norwegian continues to shine in north London, and should be around for a while longer.