Arsenal are close to a deal for Swiss ace Granit Xhaka and could announce the transfer on July 1, when the German transfer window officially opens - according to the Daily Mail.
The Gunners failed to land a single outfield signing last summer, and although Petr Cech arrived from Chelsea to bolster their defence, Arsene Wenger's men look to have failed in their attempt to end their 12-year title drought once more.
According to the Mail on Sunday, there is currently a disagreement over Xhaka's fee, with Arsenal wanting to pay close to £20 million while Monchengladbach want a figure close to £30 million.
However the two sides are said to be close to thrashing out a deal that would see Xhaka move to north London. The only minor complication is that the German transfer window doesn't open until July 1, which means the confirmation could be delayed until then.
Despite that, the Mail claim that 'all parties' expect the deal to be finalised very soon - which will be good news for Arsenal fans on an otherwise frustrating day.
Arsene Wenger's side look set for all three points against Crystal Palace after Alexis Sanchez opened the scoring, but a late strike from Yannick Bolasie all but ended their title hopes and thrust them backwards in the the scrap for a top four finish and Champions League qualification.
The Mail add that Arsenal retain an interest in Real Madrid's Karim Benzema, but will only enquire over his availability if the Spanish giants act first by landing a big-name striker, such as Robert Lewandowski.
The paper adds that Arsenal's interest in Pierre Emerick-Aubameyang is over because of his price tag, while a move for Gonzalo Higuain isn't on the agenda either.