Arsenal ultimately suffered a disappointing first campaign under Unai Emery in 2018-19, missing out on a top-four finish in the Premier League and then seeing their final chance of Champions League qualification ended by defeat in the Europa League final.
The Gunners are eager to bolster their squad this summer in an attempt to return to the top table of European football, but Emery is understood to have been given a transfer budget of just £45m to work with.
Here, Sports Mole rounds up the latest news on possible comings and goings at the Emirates Stadium.
Thursday morning's headlines:
Sami Khedira 'holding out for Arsenal move'
Juventus midfielder Sami Khedira reportedly turns down a move to Turkey as he holds out hope of a deadline-day switch to Arsenal. Read more.
Arsenal 'agree Kieran Tierney fee with Celtic'
Arsenal reach an agreement with Celtic over the transfer of Scotland international Kieran Tierney, according to a report. Read more.
Chelsea defender David Luiz could join Arsenal in an £8m deal on transfer deadline day, according to a report. Read more.
Arsenal reportedly explore the possibility of taking Samuel Umtiti on loan from Barcelona as their search for a new central defender intensifies. Read more.
Neil Lennon hopeful Kieran Tierney fee will be reinvested
The left-back is on the verge of a move to Arsenal. Read more.
David Luiz trains away from Chelsea squad as he pushes for Arsenal move
The Gunners are expected to push for a deal before Thursday's transfer deadline. Read more.
Arsenal 'walk away from Daniele Rugani deal'
A report claims that Arsenal have been unable to agree payment terms with Juventus for Daniele Rugani and will now look elsewhere for a new central defender. Read more.
Report: DC United want Mesut Ozil to replace Wayne Rooney
A report claims that Arsenal midfielder Mesut Ozil is wanted by Major League Soccer side DC United to replace Derby County-bound Wayne Rooney. Read more.
Arsenal 'pushing to complete late Kieran Tierney deal'
Arsenal want to push through a deal for Celtic defender Kieran Tierney before the transfer deadline, according to a report. Read more.
David Luiz 'attempting to force Arsenal move'
Chelsea's David Luiz attempts to force a move to Arsenal before Thursday's transfer deadline, according to a report. Read more.
Arsenal youngster Eddie Nketiah in line for Leeds loan
The striker has scored three goals for Arsenal since his debut in 2017. Read more.
Danny Welbeck signs for Watford
The striker left Arsenal at the end of last season. Read more.
The best summer transfer deals to date
Premier League clubs have until 5pm on Thursday to do their transfer business. Read more.
Everton make shock £30m bid for Alex Iwobi?
Everton reportedly make a shock £30m bid for midfielder Alex Iwobi after seeing their initial bid rejected by Arsenal. Read more.
Carl Jenkinson exits Arsenal for Nottingham Forest
The 27-year-old has been capped by England. Read more.
