All the latest transfer news and gossip from The Emirates.
The club recently found themselves exposed in their attacking areas when both Olivier Giroud and Nicklas Bendtner were injured - and with Theo Walcott being ruled out for the season with a ruptured knee ligament this week the expectation was that a new face would arrive.
However a loan-deal for Alvaro Morata seems off the cards and with Yaya Sanogo approaching a first-team return it is not believed Wenger will be diving into any deals for strikers this month.
However this is in direct contrast to other reports regarding Morata’s future. It is reported that Carlo Ancelotti has had a change of heart of the Spanish under-21 international - and is happy to let him go on loan to The Emirates this month.
Arsenal are however said to be in a war with Liverpool for the services of Anderlecht defender Cheikhou Kouyate.
The Senegalese star, who has also been linked with Everton and Newcastle United, has a Belgian passport so work permit would not be a problem.
"I have been in talks with representatives from Liverpool and Arsenal over Cheikhou Kouyate.
"Arsenal are very interested in Kouyate. It’s very likely that he’ll be joining a Premier League club soon."
Borussia Dortmund will reportedly make a move for talented young winger Serge Gnabry at the end of the season.
The German teen has become a member of the first-team squad this campaign - and recently shone against Spurs in the FA Cup.
But Dortmund feel they could bring him home for the right price and patter.
Portuguese reports have been musing on the possible Jackson Martinez to Arsenal deal. It is reported today that Arsenal are ‘prepared’ to match his €40 million release clause - after the free-scoring Colombian admitted being an Arsenal fan recently.
However that deal would be more likely to take place in the summer.
image: © michael hilton