Today mostly seems to be about defenders. The main news comes from The Times (£) who report Swansea City are refusing to lower their £10 million asking price for Ashley Williams.
It seems as though even though we're very keen on the 29-year-old, we're not prepared to pay more than £8m for the Wales international.
For some strange reason Swansea will not negotiate on price, despite us selling them Kyle Bartley at a bargain basement price last summer.
This means, according to the Daily Mail, that Thomas Vermaelen will be handed the chance to revive his career at the club.
Meanwhile it appears Johan Djourou has played his last game for the club and is set for a medical next week at ahead of a year-long loan to Hamburg with the option for a permanent transfer, according to the Daily Mirror.
It appears that a move for a new goalkeeper could be on the cards with Pepe Reina coming back on to the club's radar.
The Daily Mail suggest the Liverpool keeper's move to Barcelona is on the verge of collapse and that we could march in with a bid of £10m for a player Arsene Wenger wanted to bring to the club a couple of seasons ago.
But don't worry that we've not been linked to any France-based players for a while. The Daily Express storms in with a story linking us with Lyon midfielder Clement Grenier - nothing new there - and Toulouse right-back Serge Aurier, who posted a picture of himself in a Gunners shirt on Twitter.
Fancy that! A player being linked to a move to Arsenal just because he was wearing our shirt.
Don't worry folks, we're still going to balance the books whatever happens this summer. But we'll be letting players with no future at thee club leave. The Guardian report Andrey Arshavin will rejoin his former club Zenit St Petersburg when his contract expires on June 30..
And there's more... Frankfurt are interested in signing Nicklas Bendtner, according to the Daily Mirror.
And finally, the sniffing cockerels have been at it again. They've been piggybacking on our scouting network to identify Dinamo Zagreb's teenage starlet Tin Jedvaj as one of their potential summer targets.
The 17-year-old defender has already been called up to train with the full Croatia national squad despite his inexperience.
And according to this Sky Sports article which quotes Jedvaj's agent Zoran Ban, Arsenal have opened talks with Jedvaj's club over a possible deal.
That's it for today. Back with more tomorrow.