Tottenham Hotspur drew with Real Madrid in the Champions League on Tuesday.
Arsenal suffered a late loss to Watford this weekend.
Arsenal lost 2-1 to Watford on Saturday to fall further off the pace in the Premier League.
Arsenal lost against Watford in the Premier League on Saturday evening.
Arsenal and Tottenham target Thomas Lemar is available... at a price.
Can Tottenham Hotspur win the Premier League title this season?
Newcastle United were reportedly willing to offer Calum Chambers a fresh start - but he's signed on until 2021 at Arsenal instead.
Chuba Akpom wanted to leave Arsenal for regular first-team football - but a move to Leeds United or Celtic never materialised.
Jack Wilshere is prepared to leave Arsenal to get an international recall and both Crystal Palace and West Ham are interested.
Arsenal will be without some key players for their clash with Watford this weekend.