Check out all the latest Arsenal transfer news and gossip from today.
Arsene Wenger is still hoping to complete the capture of Javier Manquillo and is willing to pay Atletico Madrid a fee just to take the defender on loan. (L'Equipe)
The 20-year-old defender is high on Arsenal's summer transfer wish-list, as Wenger looks to strengthen his options in the problematic right-back position.
Bacary Sagna's departure to Manchester City on a free transfer has left the Gunners particularly short on cover in that area of the pitch, with Carl Jenkinson the only recognised right-sided defender in the first-team.
A £10m deal to bring Mathieu Debuchy to the Emirates is expected to be completed by the end of the week, but Wenger also wants to add Manquillo - who he believes has a very bright future.
Atletico Madrid have so far been unwilling to enter into any negotiations, but paying for a loan with an option to buy should help Arsenal make some progress.
Arsenal transfer gossip:
Arsene Wenger will need to splash the cash if he is going to sign Real Madrid midfielder Sami Khedira, with the Germany international's decision between a transfer to Arsenal or Chelsea likely to come down to money. (Daily Star)
The Gunners are believed to have met the Spanish giants' £20 million valuation of the 27-year-old but have so far failed to agree personal terms with the player demanding a whopping £150,000-a-week.
Former Arsenal midfielder Emmanuel Frimpong is due to hold talks with Austrian outfit Sturm Graz. (Sky Sports)
The 22-year-old midfielder is a free agent after leaving Barnsley in the summer, and now the Ghana international is ready to continue his career abroad.
Frimpong came through the youth system at the Emirates, and played in the Premier League for the Gunners only for injury to curtail his progress in north London.
Arsenal face fresh competition from AC Milan for the signature of Barcelona midfielder Alex Song, who has been made available for transfer away from Camp Nou for a cut-price £10 million. (Daily Star)
New Barca boss Luis Enrique has told the Cameroon international he does not feature in his first-team plans, so a return to the Premier League looks increasingly likely this summer, with Manchester United and Chelsea also reportedly interested.