So there's pretty much just one show in town at the moment and that's the club's continued pursuit of Luis Suarez.
It's been revealed that we've made a £40m plus £1 bid for the Uruguayan, after a telephone call from Ivan Gazidis and Liverpool's managing director Ian Ayre. The bid has been turned down but what the newspapers believe has happened is that we've activated a clause in the strikers contract which means the Merseyside club has to inform Suarez of our interest.
What does that mean in the grand scheme of things? Very little. Liverpool aren't obliged to sell. But it puts the ball firmly in Suarez's court. He must now decide whether to submit a formal transfer request, which could see him lose out on any loyalty bonus he's due from Liverpool.
According to reports, Liverpool will sit down for more talks with Suarez after Wednesday’s friendly against Melbourne Victory. This is when they'll inform him of our interest. The Daily Mirror believe Arsene Wenger expect expects Suarez "to tell Anfield boss Brendan Rodgers that he wants to speak to Arsenal" following confirmation of our interest in the player.
In the same Daily Mirror piece, they suggest personal terms of a five-year, £150,000-a-week contract, have been agreed with the player. Meanwhile the Daily Mail say the striker has agreed in principle personal terms with Arsenal. They also put the deal to be worth up to £150k a week for the 26-year-old.
The Times believe that our £40,000,001 bid was a put up job by Suarez's agent Pere Guardiola, because he believed the fee would allow his client to leave should a club offer more than £40m.
What this does mean is that we're seriously going after Suarez and there is belief at Arsenal that we can get the striker to move to north London. With our interest in Gonzalo Higuain parked at the moment while we investigate the possibilities of signing Suarez, it appears we can expect little movement on the transfer front until a decision is made one way or another on whether Liverpool will sell or be forced into selling their prized asset.
One thing's for certain, Arsene Wenger is keen on bringing a player who has scored 30 goals last season to north London.
Meanwhile Lukas Podolski has told The Sun he's not concerned about competition for places.
"I’m not scared about big names because it helps the team and will help me when we play together. Every summer is the same. Players come in and others leave.
"I am always happy to play with the best in the world.
"But it’s not about what is good for me, it’s about improving the whole team.
"You have competition at every big club, particularly one the size of Arsenal. When all the players are fit there is big competition here."And at the moment, all the talk is pure speculation. As Carl Jenkinson has noted, you only worry about competition for your place from a new player once they've arrived at the training ground. There is no point worrying when they play for another team.
However I believe that all professionals know they should expect competition for a spot in the starting 11 and that's something which Arsenal need to ensure there is in the team going into the new season.
And finally, everyone's forgotten Ivorian Gervinho could be on the move to Roma, according to the Daily Mail if a £7m deal can be finalised.
That's it for today. Back with more tomorrow.