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.
17. Emile Smith Rowe - Very unlikely
Similar to Odegaard, Smith Rowe is going from strength to strength, and has a big future ahead of him. | Getty Images
18. Gabriel Martinelli - Very unlikely
After being handed the number 11 shirt for next season, you would imagine Martinelli will have a big role to play moving forward. | Getty Images
19. Nicolas Pepe - Likely
Suggestions are that Pepe has decided he wants to leave Arsenal this summer, and it’s easy to foresee a situation in which his wish is granted. | Arsenal FC via Getty Images
20. Alexandre Lacazette - Very likely
The Frenchman is out of contract this summer, and looks all but certain to leave. | Arsenal FC via Getty Images