Reliable BBC journalist David Ornstein has delivered a Friday lunchtime update on Arsenal's January transfer business.
The Gunners, set to lose Alexis Sanchez to Manchester United, are looking to bolster their attacking options.
Arsene Wenger's side are sixth in the Premier League and have failed to win each of their last five fixtures in all competitions.
The veteran French manager could get the fans back onside with a couple of big name January signings - and it appears that is exactly what he plans to do.
Armenian midfielder Henrikh Mkhitaryan will reportedly be part of the Sanchez transfer whilst £60m rated Pierre-Emerick Aubameyang is also being targeted.
Bordeaux forward Malcom was reportedly close to agreeing a move to north London but the deal is now dead in the water.
Ornstein reveals why Arsenal cancelled Malcom transfer
The BBC journalist is the oracle when it comes to all things Arsenal and he tweeted a very interesting update on Friday.
The Sanchez and Mkhitaryan deal is not expected to go through today because the Man United midfielder is yet to agree terms with Arsenal.
Wenger is indeed hoping to sign Mkhitaryan and Aubameyang but he has pulled the plug on the proposed deal for 20-year-old Malcom.
According to Ornstein, the young Brazilian was "eventually deemed too inexperienced" after a number of meetings had been held.
You would think that was something they could've realised sooner.
Arsenal fan weren't best pleased on social media.
Malcom has scored 15 league goals since moving to France two years ago but is yet to be capped by the Brazilian national team.
"I don’t think we are close to doing that," Wenger told reporters about Malcom on Thursday.
Asked if the Brazilian will join before the January window closes, Wenger replied: "I don’t think so, no."
Just another player Wenger will be able to say he almost signed in a few years time.
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