While Premier League rivals Liverpool were pushing ahead with a deal to sign Mario Balotelli, Arsenal are sitting tight and hedging their bets.
The club appear to be happy in terms of their striker options, desiring any further additions to be in defence rather than attack.
Yet manager Arsene Wenger is making no promises. In his press conference on Thursday he intimated they will make signings if they can, but suggested it may not be possible.
"At this moment, we are in an emergency case. We have the players we want. We are open to any opportunity in the transfer window who can strengthen our defensive department in quality and number.
"I am open to do it [sign players], but it has to be linked with the needed quality.
"I tell you something. 20 top clubs in the world, they look all for the same positions, so it is not necessarily out there."
Wenger is not ruling out the possibility of buying players, but he is urging caution too.
Notoriously an extremely picky personality when it comes to buying, the Frenchman wants to be absolutely sure he is getting the right player, and not one he does not ultimately need in the long-term.
That does not mean he has always been right in his career, as his transfer record shows, but the failures like Andre Santos and Chu-Young Park only add resolve to his determination not to panic buy.
Wenger is preparing supporters for the possibility that there may be no more incomings this summer, and despite his previous assertions he is open for business, that is not a definitive position that he will buy.