Arsene Wenger insists he is working 'day and night' to complete transfers before the window shuts - but concedes that he is no closer to wrapping up a deal.
So far in the transfer window the Gunners have only completed one signing - a £10 million move for Chelsea goalkeeper Petr Cech last month - and now seem no closer to adding another face to their squad.
Real Madrid forward Karim Benzema has been linked with a potential move to the Emirates Stadium although the French international has stated publicly that he has no intention of leaving the Bernabeu anytime soon.
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Paris Saint-Germain forward Edinson Cavani has also been suggested as an option, while Wenger is also said to be in the market for a defensive midfielder despite the emergence of Francis Coquelin following his return from a loan spell with Charlton last season.
While no deal is close Wenger says that if they don't sign any more players, then it won't be for a lack of trying.
Asked if he was confident of a signing, the Arsenal boss said: “I cannot say I am very confident because we are not close to signing anybody at the moment but the transfer market is always moving in the last five days. We work very hard.
"We have a team that works day and night to find good solutions. At the moment we are not close.”
Arsenal have pulled off a number of late deals over the past few transfer window including swoops for Mesut Ozil and Danny Welbeck, and Wenger says that if a target becomes available late on then he'll swoop. "You have specific targets but, as well, you get an idea that you didn’t know the player you like was available and if you get the opportunity you do it.”