Arsenal ultimately suffered a disappointing first campaign under Unai Emery in 2018-19, missing out on a top-four finish in the Premier League and then seeing their final chance of Champions League qualification ended by defeat in the Europa League final.
The Gunners are eager to bolster their squad this summer in an attempt to return to the top table of European football, but Emery is understood to have been given a transfer budget of just £45m to work with.
Here, Sports Mole rounds up the latest news on possible comings and goings at the Emirates Stadium.
Wednesday morning's headlines:
Daniele Rugani agrees two-year loan with Arsenal?
Juventus defender Daniele Rugani reportedly agrees personal terms with Arsenal ahead of joining the Gunners on a two-year loan deal. Read more.
Arsenal captain Laurent Koscielny completes Bordeaux move
The France international made 353 appearances for the club and won three FA Cups. Read more.
Barcelona offer Philippe Coutinho to three Premier League clubs?
Barcelona reportedly offer Philippe Coutinho to Arsenal, Manchester United and Tottenham Hotpsur ahead of Thursday's transfer deadline. Read more.
Tottenham Hotspur 'look to hijack Arsenal's Philippe Coutinho bid'
Tottenham Hotspur have reportedly made a late attempt to hijack Arsenal's loan bid for Philippe Coutinho by submitting their own offer for the Barcelona midfielder. Read more.
Arsenal 'agree terms with Bordeaux for Laurent Koscielny exit'
Koscielny underwent a medical with the Ligue 1 side on Tuesday. Read more.
Nottingham Forest looking to sign Arsenal defender Carl Jenkinson?
Nottingham Forest are reportedly looking to sign out-of-favour Arsenal defender Carl Jenkinson before the end of the summer transfer window. Read more.
Everton prepare £100m package for Crystal Palace winger Wilfried Zaha?
Everton are reportedly willing to put together a package worth £100m in order to secure the signing of Crystal Palace winger Wilfried Zaha. Read more.