After a disastrous loss to relegation-threatened Swansea City, the mood at the Emirates Stadium will have changed dramatically less than 24 hours after their limp performance in South Wales.

The Gunners announced the club record signing of marksman Pierre-Emerick Aubameyang before announcing that talismanic German midfielder Mesut Ozil has signed a sparkling new three-year deal with committing his future to the North London clubs after months of speculation linking him with a move away from Arsenal.

Fans will be breathing a massive sigh of relief after it seemed for weeks that Ozil was on the brink of following in the footsteps of Alexis Sanchez and signing for Jose Mourinho's Manchester United.

However, despite the interest from the like of the Red Devils and PSG, Ozil biggest came from further east, with Chinese club Guangzhou Evergrande tabling an eye-watering contract worth a reported £22 million after tax as they tried to take advantage of the stand-off between the 29-year-old and the North Londoners. 

That's £435,000 per week in case you were wondering.

The Chinese club have won the China Super League in each of the last seven years, but have failed to make an impact on continental competition. Manager Fabio Cannavaro looked keen to bring Ozil to China in order to bolster their chances in the AFC Champion League but their offer fell on deaf ears.

Arsenal's offer is worth just the £350k, but it seems the pull of the Premier League was enough to convince Ozil to stay put.

The German recently built a house in North London and was always unlikely to swap England for China despite the whopping figures that were being batted about.

Now however, the German, who has scored on four occasions while assisting seven in the league so far this season, can really get back down to business as Arsenal try to claw their way back into the battle for the top four.

The thought of Ozil linking up with new signings Henrikh Mkhitaryan and Aubameyang will have fans salivating as the Gunners look to kick-start their stuttering campaign.