Arsenal ultimately suffered a disappointing first campaign under Unai Emery in 2018-19, missing out on a top-four finish in the Premier League and then seeing their final chance of Champions League qualification ended by defeat in the Europa League final.
The Gunners are eager to bolster their squad this summer in an attempt to return to the top table of European football, but Emery is understood to have been given a transfer budget of just £45m to work with.
Here, Sports Mole rounds up the latest news on possible comings and goings at the Emirates Stadium.
Wednesday morning's headlines:
Arsenal offered Real Madrid forward Mariano Diaz in cut-price deal?
Real Madrid reportedly offer Arsenal the opportunity to sign forward Mariano Diaz in a cut-price deal this summer. Read more.
Manchester United battling Arsenal for Mario Lemina?
The Gabon international joined Saints from Juventus for an initial £15.6million in 2017. Read more.
Arsenal reportedly agree to pay a fee of £26m for Saint-Etienne defender William Saliba, who may remain at the French club on a loan deal. Read more.
Arsenal closing in on £25m agreement for William Saliba?
Saint-Etienne defender William Saliba is reportedly heading to Arsenal in a £25m deal, but he will not officially join for another year. Read more.
A report claims that Fenerbahce will pay £8m towards Arsenal midfielder Mesut Ozil's £13.5m-a-year wages in order to push through a loan deal. Read more.
Wolverhampton Wanderers make approach for Arsenal target William Saliba?
Wolverhampton Wanderers reportedly approach Saint-Etienne over talented young defender and Arsenal transfer target William Saliba. Read more.
