The summer transfer window is open and across the globe there is a frenzy of speculation as players and coaches look for their next moves.
There is plenty of activity and stories that have football fans talking.
Here, we look at the latest transfer deals that could happen very soon.
Torreira, who plies his trade with Sampdoria in Serie A, is the subject of a £25 million (Dh121m) raid from the Gunners once his stellar campaign with the South American side is over this summer.
At just 22, the defensive midfielder is billed as one of the best talents in world football but has no shortage of admirers following a series of glittering displays, helping Uruguay through to a quarter-final berth against France.
Torreira has been the perfect foil for another up-and-coming star, Rodrigo Bentancur, in the La Celeste engine room.
JUAN FERNANDO QUINTERO
The attacker, who is currently on loan at River Plate, has stood out during this summer’s World Cup in Russia and is apparently also wanted by Real Madrid.
However, Los Millonarios have an agreement in place with Porto as part of their loan arrangement in which they can make Quintero’s move permanent for just £3m (Dh14.5m).
The 30-year-old, who is currently part of Roberto Martinez’s World Cup squad with Belgium, is at the top of the San Siro club’s transfer wishlist.
Apparently, Inter have planned meetings with Dembele’s agents and will look to complete a move for the former Fulham man.
Dembele has just one year left on his deal with Spurs, which could convince the north London club offload him now in order to receive a big fee for his services.
The Nerazzurri have had a busy window and already landed Radja Nainggolan from Roma.
The 30-year-old Greece international is expected to put the finishing touches to a deal reported to be worth around €20 million (£17.7million).
Uruguay midfielder Lucas Torreira, away on World Cup duty, is another likely recruit, with a potential £27million deal reported to be being negotiated with Sampdoria.
Arsenal, who finished sixth in the Premier League last season, have also looked to secure some of the current squad on new deals, with midfielder Granit Xhaka and 20-year-old winger Ainsley Maitland-Niles having signed contract extensions.
There have also been recent changes behind the scenes as Emery finalised plans for his backroom staff, with Steve Bould set to continue as one of two assistant coaches but former number one Jens Lehmann leaving his goalkeeper coaching role.
Arsenal have yet to announce the shirt number of German goalkeeper Leno, but his arrival creates uncertainty over the future of veteran Petr Cech and David Ospina. Ospina said he will talk to the club about the situation when he returns from World Cup duty with Colombia.
The club received positive news this week regarding defender Laurent Koscielny, who is recovering following surgery on a ruptured Achilles tendon which ruled him out of contention for France’s World Cup squad.
Koscielny, who captained the side last season under Arsene Wenger, suffered the injury during the Europa League semi-final second-leg defeat by Atletico Madrid on May 3, and is expected to need several months of rehabilitation.
In a post on his official Instagram account, accompanied by a short video, a smiling Koscielny, carrying his crutches, said: “It’s good to walk again.”
Arsenal will play Emery’s former club Paris St Germain in Singapore as part of their pre-season schedule next month.
The Gunners face Chelsea in Dublin on August 1 ahead of opening the new Premier League campaign at home against champions Manchester City.
The summer transfer window for all international deals is open.
With the transfer rumours growing in pace and volume during this ‘silly season’, it can be difficult and painstaking to separate the stories of some legitimacy from the rest of the noise.
Fortunately, we’ve taken it upon ourselves to do it for you.
Below, you’ll find some of the latest transfer news churned out of the rumour mill broken down and analysed for your benefit along with our calculated predictions.
Why it won’t happen: The asking price is simply too rich, even for Barcelona’s blood. Focusing on Pjanic would force Barcelona out of the market on other players they have their eye on.
Prediction: Unless Juventus relent on the price and Barcelona can negotiate down, a move seems unlikely.
SUSO TO REAL MADRID
The agent of the AC Milan midfielder met with Real Madrid and the cost could be around €40 million, according to Sport.
Why it will happen: There’s some history between the player and newly-appointed Julen Lopetegui, with Suso playing under him during his days with Spain’s youth sides. Milan may also be more inclined to let him leave considering they’re facing a two-year ban in the Europa League and a financial crisis.
Why it won’t happen: If Madrid want him, they should be able to land him. However, how much Suso could help the Champions League title holders and what his role would be is up in the air.
Prediction: The price shouldn’t be an issue, especially if Madrid can bring it down, while Lopetegui could utilise him as a useful cog.
LEONARDO BONUCCI TO MANCHESTER UNITED
Manchester United have the AC Milan man in their sights, according to Corriere dello Sport.
Why it will happen: Jose Mourinho appears to be a fan of the 31-year-old, who proved during his time at Juventus that he can help bring major trophies to a club.
Why it won’t happen: United will have stiff competition for his services, including from rivals Manchester City and Chelsea. Milan may also want to retain a high calibre player with a reliable track record.
Prediction: If Milan do let Bonucci leave, United make sense as a landing spot, but it’s not fully in Mourinho’s control.