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We are now halfway to the January transfer window and there are still no newcomers to the UAE.
Gunners' supporters desperately await the arrival of new recruits as they try to qualify for the Champions League in May.
In liaison with Denis Suarez and Yannick Carrasco, a newcomer could be what the club needs to give them a well-deserved boost in the coming weeks.
Here are the latest transfer rumors about Arsenal.
James Rodriguez at Arsenal
Bayern Munich director Niko Kovac said James Rodriguez wanted to stay in Germany, with ties to Arsenal.
With the agreement due to end this summer, Bayern must choose to permanently sign the 27-year-old player under a proposed £ 39.5 million deal.
According to some information, Arsenal could take Rodriguez for the remainder of the season if they are willing to pay the remaining £ 3 million to be paid under Bayern's deal with his parent club.
Kovac, however, seems to have dispelled the rumors of the attacking midfielder's departure this month.
"He wants to stay with FC Bayern, as he has already stated during a visit to a fan club, he is highly motivated and focused," said Kovac, quoted in the Daily Mirror. "He can always help us to improve his quality."
Aaron Ramsey update
The Welsh international has signed its pre-contract deal with Juventus, according to Di Marzio.
The report says that Aaron Ramsey will become a Juventus player as of July 1, one day after the expiry of his contract at Arsenal.
(Image: Stuart MacFarlane / Arsenal FC via Getty Images)
Arsenal Transfer News
Three Premier League clubs, including Arsenal, are interested in Guingamp striker Marcus Thuram.
The 21-year-old son, Lillian Thuram, winner of the World Cup, has scored seven goals in 15 Ligue 1 games so far this season, while Guingamp trailed at the foot of the table.
As a result, it is expected to attract a lot of attention across Europe.
According to sources, the Gunners, Tottenham Hotspur and Manchester United have all sent scouts to watch the young striker.
Mesut Ozil update
Unai Emery has already admitted that Arsenal can not afford to sign new players on loan until January, unless they sell their players first and that the main manager is not other as Mesut Ozil.
The £ 350,000 weekly salary of the German toy manufacturer is a huge financial burden for Gunners pursuing a policy of self-sufficiency.
Ozil has only made 12 starts in the league for Arsenal this season, including only two in the last 10 games of this season. It is now clear that it is not part of Unai Emery's long-term plans.
The mirror Arsenal have accepted that they will probably have to subsidize Ozil's huge salaries in order to be able to send him back this month.
Inter Milan would be interested in a loan from Ozil but would probably not be willing to honor the deal of £ 350,000 a week.
Yannick Carrasco last
While Arsenal struggles to move on Ozil, his ability to get journalists into the news has a ripple effect on Belgian striker Yannick Carrasco.
The 25-year-old is eager to leave Dalian Yifang of the Chinese Super League and return to Europe. Arsenal is considered a possible destination for him.
Belgian football expert Kristof Terreur tells Sky Sports that gunners can not afford Carrasco's salary.
In addition, Fox Sports Asia said the gunners will have to first transfer Ozil to another team before they can afford Carrasco.
Bayern understands rumors of James Rodriguez
Arsenal has also been involved in a decision by James Rodriguez this month, which is looking for extra support on loan.
The Colombian international has only six months left on his two-year loan contract with Bayern Munich, but has struggled to gain time since joining the Bundesliga club.
According to reports, Arsenal could take over the rest of Bayern's loan agreement with Bayern if it paid the last 3 million pounds due to Real Madrid, its parent club.
But Bayern Munich sports director Hasan Salihamidzic hinted that Rodriguez was still on the spot when asked if the German club wanted to make a permanent contract for him this summer.
"We are going to watch the second half of the season and draw the right conclusions," he said, quoted by The Mirror, in response to questions about signing or not signing Rodriguez permanently.
Arsenal moves for Jack Clark
Arsenal could still add a young star this month, the Gunners seemingly interested in a move for Leeds United teenager Jack Clark.
The 18-year-old was impressed in Leeds' 2-0 defeat of Derby County last Friday night – his first league start for the club.
Marcelo Bielsa appreciates Clark and has helped the winger improve a lot this season, although the club has not yet offered him a new contract.
Football Insider reports that Arsenal could take advantage of this fact by making an offer to Clark this month, with Leeds refusing to discuss a new contract until the end of the season.
The saga of Denis Suarez is coming to an end
After years, Arsenal could finally conclude an agreement with the Swede Denis Suarez this week.
The Gunners have been following Suarez for some time and, according to the Daily Star, they will finally respect Barcelona's £ 14.2 million value.
This, however, contradicts Emery's statement, earlier in the transfer window, that Arsenal can not make a permanent move unless someone leaves, most reports claiming that Suarez would be loaned to the UAE.
The Mirror announced that Arsenal had been encouraged by positive talks this week on a loan for the remainder of the season, in anticipation of a permanent sale of 18 million pounds sterling.
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