Arsenal's business in the January window was never going to be game-changing.
The Gunners had no funds available to sign players permanently and instead had to negotiate loan deals.
Only one was successful, with 25-year-old midfielder Denis Suarez joining from Barcelona, with Arsenal having an 'option to buy' come the end of the season.
Suarez arrives with a fairly decent reputation, but acclimatising to the Premier League from La Liga is a difficult task.
With that thought in mind, how have the Gunners' recent signing from La Liga fared? Well, we've decided to analyse the club's last 10 arrivals from Spain's top-flight.
It's certainly a mixed bag...
Arsenal's last signing from Spain's top-flight isn't exactly the most popular, with the Gunners splashing a cool £35m on the German defender from Valencia.
Since his arrival, Mustafi's game has been littered with errors and after every appearance, Arsenal Twitter is usually left begging him to leave - not a successful acquisition.
The striker from Deportivo was a signing typical of Arsenal's failing transfer model in recent years.
For some unknown reason, the club spent £17m on a forward that was never going to make the grade at a club like Arsenal. He's now on-loan at West Ham after a short, but failed, return to Deportivo.
A signing that is perhaps underrated by many and a player that Arsenal really could do with right now.
Gabriel was far from the perfect defender, but the former Villarreal man was a born warrior and turned in some brilliant displays for Arsenal. He's now thriving back out in Spain with Valencia.
Arguably Arsenal's greatest pull from La Liga. The Gunners were the envy of the Premier League when they snatched the Chilean from Barcelona for just £35m back in 2015.
And boy, was Sanchez worth it. He was electrifying for the Gunners, but ended on the sourest of notes when he joined Manchester United in January 2018.
The most divisive signing in Premier League history? Probably. Ozil's arrival from Real Madrid in 2014 was supposed to signal a new era at Arsenal after his stunning displays in Spain's capital.
There have been many glimpses of his undeniable quality, but consistency has been hard to come by. Unai Emery now seems determined to get rid of Arsene Wenger's favoured son.
Unlike Ozil, Monreal has been the hallmark of the consistency since he was plucked from Malaga for just £8.5m.
His versatility and commitment to the club has earned him a cult status around the Emirates, but he does seem on his last legs now. Nevertheless, a resounding success.
Remember when we said Sanchez was arguably the best pull from La Liga? Well, we were wrong. Despite a serious Achilles injury which ended his time in north London prematurely, Cazorla is an undoubted Arsenal legend.
The silky playmaker was unstoppable at his best and even excelled when dropped deeper into the midfield. The key man in Wenger's last great side.
The less said about the French centre-back, the better. Squillaci actually arrived with a glowing reputation from Sevilla, but he departed the Premier League as one of the all-time biggest flops.
He looked like he'd won a competition to play for Arsenal and he was duly sold to Bastia in 2013. Thank god he only cost £4m, eh?
Like Cesc Fabregas, Merida was brought in from Barcelona's academy, but was essentially the polar opposite of his countryman.
He made just six senior appearances for the Gunners, before being sold to Atletico Madrid in 2010. He's now in Spain's second-tier with Osasuna at the age of 28.
Few players in Premier League history have ever been as up and down as Arsenal's arrival from Celta Vigo in 2004.
One week, Almunia would save the day with a commanding performance in goal, the next, he'd make a host of errors and surrender the points. Overall? Arsenal could have done a lot better.