What started out as a promising summer transfer window could end disastrously for Arsenal.

Sunday's humiliating 4-0 defeat to Liverpool looks set to spark a mass exodus at the club that will see a number of first team players leave.

Alex Oxlade-Chamberlain is close to completing a £35 million switch to Chelsea while Shkodran Mustafi has agreed terms on a season-long loan move to Inter Milan.

Arsene Wenger will want to bring in replacements for the pair but with two days remaining of the window, his options are limited.

So limited, in fact, that the Frenchman is reportedly lining up a shock move for West Brom centre-back Jonny Evans, who would cost in excess of £25 million.

It's the seemingly imminent departure of Alexis Sanchez that is most concerning, though.

Sanchez has had enough at Arsenal and is desperate to join Premier League rivals Manchester City, where he would reunite with Pep Guardiola.

City, despite being told by Wenger that Sanchez is going nowhere, have offered the Gunners Raheem Sterling plus a sum in the region of £20 million.

Talks are ongoing but according to Goal's Chris Wheatley, Arsenal have told City the player they want in order for any deal for Sanchez to go ahead.

That player is Sergio Aguero.

It's an audacious yet understandable move from the Gunners, who want a player closer to Sanchez's world-class ability.

However, Wheatley also claims there is no chance of Arsenal acquiring Aguero after sources close to the Argentine said he has zero interest in leaving City.

And who can blame him? City haven't made the best of starts to the new Premier League season, but there's no doubting their credentials as title contenders.

Arsenal, meanwhile, look set for another tough season and will do well to even finish in the top four.

Fabian Delph has also been thrown into the mix but it's hard to imagine Arsenal saying yes to any deal involving the much-maligned Englishman.

Wenger has a few big decisions to make between now and Thursday's deadline, but it would appear the damage has already been done.

His resistance to change has cost Arsenal dearly over the past decade and spending just £48 million this summer might just be the final straw.