Arsenal are running out of time to make some much-needed loan signings in January.
Just over a week remains of the winter transfer window and rumours suggest the Gunners are chasing deals for Barcelona's Denis Suarez and Manchester United's Eric Bailly.
In terms of Bailly - which was always a long shot - United have turned down Arsenal's approach because they don't want to assist a Premier League rival.
Pretty understandable, it has to be said.
As for Suarez, who was reportedly keen to join Arsenal, Emery stated earlier this week that the club are "working" to get the deal done.
"The club is working [on] a situation [that] can help us," Arsenal's manager told the press. "I cannot speak about individual players.
"But I know we are working on different possibilities that can help us for these four months for our competition. I believe they work. I know It's a difficult window for the transfer market.
"If one player comes in to help us, I'm happy. The club is doing that. I'm going to wait."
Arsenal's intention was to sign Suarez on loan and allow Aaron Ramsey to complete his move to Juventus in January, rather than the summer.
However, according to Mundo Deportivo, talks between Arsenal and Barcelona have broken down and Suarez is set to stay.
The report explains that Arsenal and Barcelona couldn't agree on a mandatory purchase clause that would see Suarez join permanently in the summer.
Barca were prepared to make it an option rather than an obligation in case Suarez signed a new deal with them, but now the Spaniard has said he wants to stay until the end of the season.
Sorry Arsenal fans, it doesn't look like it's happening.
Emery will now have to look elsewhere to bolster his attacking options, but with so few players available on loan in January he may struggle.