After Liverpool dominated the early exchanges, Arsenal are now at the centre of all major transfer stories right now.Alexis Sanchez looks almost certain to join Manchester United after Manchester City dropped their interest in the Chilean citing the deal as too expensive.Just to repeat, City thought a deal was too expensive. We know, we know!Antonio Conte has denied that Chelsea have entered the running for the star forward and it seems like Sanchez will be United's if they can strike a deal.Whether Arsenal get Henrikh Mkhitaryan as part of that deal or not remains to be seen, but replacing Sanchez and Theo Walcott - who is on the verge of signing for Everton in a deal worth £20 million - are musts for boss Arsene Wenger.It seems like Brazilian wonderkid Malcom was going to be a part of that rebuilding process, but it is understood Liverpool are also making him an offer.Pierre-Emerick Aubameyang is the latest name to be linked with a move to the Emirates Stadium and although Dortmund have recently quoted a £60 million fee, it seems as if there is a real possibility that this deal will get done.Stan Collymore met the flying forward in Germany on Monday and in one of his photos, a fan with an Arsenal scarf is standing next to the Gabonese international.Aubameyang, who has 21 goals in his last 24 games, retweeted the suggestive photo and naturally, Arsenal fans are very excited at the prospect of his signature.

The 28-year-old was left out of Dortmund's last squad after refusing to attend to a team meeting and his future has come under serious scrutiny.

Dortmund's general manager Michael Zorc said: “What is going on now is not to be tolerated by the club. It is clear, it cannot go on like this. I don’t know what is going through his mind. I don’t recognise him anymore. There is trouble in the team and that is not good.”

The Telegraph believes that Dortmund may entertain a deal with Olivier Giroud included and that could knock the fee down to £35 million.