Arsenal fans were fearing the worst heading into transfer deadline day following David Ornstein's worrying tweet about the club's financial situation.
Having claimed earlier this summer that the Gunners had in excess of £150 million to spend, Ornstein backtracked and said they have "no money for major signings".
He also added that only if Alexis Sanchez joins Manchester City will Arsene Wenger be able to bring in new players.
"Arsenal have no plans to replace Alex Oxlade-Chamberlain and no money for major signings," Ornstein wrote.
"[The] only way Sanchez leaves is if Arsenal get massive money and replacement."
Ornstein's revelation left Arsenal fans scratching their heads; how can they have no money if they've only spent £47 million so far this summer?
Alexandre Lacazette joined for a club-record £47 million, while Sead Kolasinac arrived on a free transfer from Schalke 04.
Safe to say no one was buying Ornstein's claim - and it turns out fans were right to believe Arsenal DO have the money to make new signings.
According to the Daily Mail, Wenger has reignited his interest in Monaco's Thomas Lemar by making a huge £90 million bid.
Monaco previously told Arsenal they would not accept anything lower than £75 million for the 21-year-old, but now the Gunners have gone all out.
There's more. The Mirror claim Arsenal's bid for Lemar has come after they agreed a deal in principle to sell Alexis Sanchez to Manchester City.
City's offer of £55 million up front plus £5 million in add-ons has been accepted, but it will only go through if Arsenal secure Lemar's services.
Put simply, if Arsenal sign Lemar, City sign Sanchez.
Arsenal fans are completely against selling Sanchez to a Premier League rival, but the arrival of Lemar would go some way towards softening the blow.
So too would signing Julian Draxler. Arsenal are in talks with Paris Saint-Germain over a move for the German, who could be one of three players to join the Gunners on deadline day.