Arsenal missed out on the Premier League title last season, with Leicester City pipping them to top spot.
And now it appears the Gunners may be set for a blow in the transfer market as speculation continues to grow.
They are just one of the clubs to have made the headlines, with Chelsea, Manchester United and Liverpool among the others to feature.
Arsenal are worried Jamie Vardy may decide to stay at Leicester, who have offered him an improved deal. (Daily Mirror)
Vardy has been told by England manager Roy Hodgson to forget about the proposed move to Arsenal and concentrate on Euro 2016. (Daily Star)
Chelsea want to buy Juventus striker Alvaro Morata for £40million before Euro 2016 starts, and are also targeting their former striker, Everton's Romelu Lukaku. (The Guardian)
Leicester's N'Golo Kante - who could cost £20million - is also on Chelsea's radar. (Daily Mirror)
Man United have made an approach for Pachuca winger Hirving Lozano, according to the Mexican club. (Record MX)
Liverpool manager Jurgen Klopp wants to re-sign midfielder Nuri Sahin from Borussia Dortmund.(AMK)
Arsenal defender Calum Chambers could join Watford on loan for next season. (Daily Mail)
Theo Walcott could also leave Arsenal, with West Ham United sounding out the possibility of signing him for £25million. (London Evening Standard)
Roma say they will not sell midfielder Radja Nainggolan or defender Antonio Rudiger, who are Chelsea targets. (London Evening Standard)
Liverpool have agreed terms with Porto to sign midfielder Hector Herrera, who is part-owned by Pachuca. (Fox Sports)
West Ham are lining up a £20million move for Lyon forward Nabil Fekir. (The Sun)
Crystal Palace are set to sign Newcastle United winger Andros Townsend for the £10.5million buyout clause in his contract. (Daily Telegraph)
Burnley manager Sean Dyche will be given a £60million budget. (Daily Express)
Meanwhile, it is relatively quiet on the transfer front at Sunderland.