Arsene Wenger has conceded it is 'unlikely' Arsenal will secure any new acquisitions before the transfer deadline with the Premier League leaders not in advanced negotiations with any potential signings.
The Gunners had been expected to be active in the market this month given the lack of resources available to Wenger up front, with the club heavily reliant on the fitness and goals of Olivier Giroud.
Injury to Theo Walcott, who will miss the remainder of the season, has left Arsenal with even more issues in attacking positions, but Wenger is not confident he will be able to recruit a replacement for the England winger.
"It's looks unlikely that we will sign anyone. We are not close to anything," Wenger told a press conference on Thursday.
"If something exceptional turns up of course we will do it."
Arsenal have been linked with numerous potential targets since the opening of the window on January 1, with the intense speculation regarding the possible signing of Julian Draxler from Schalke.
Representatives from the club are reported to have flown to Germany in the hope of securing a deal for the £35 million-rated midfielder but, following Wenger's comments, it would now appear this could prove futile.