11.30am Arsenal transfer news LIVE: Torreira can join AC Milan for £45m, Vitolo-Bellerin exchange, Koscielny two-year Lyon deal

But Unai Emery has only £40m to spend after the Gunners missed out on a Champions League place.

Follow all of the latest Gunners transfer news, gossip and updates below…

  • Jamie Gordon15 minutes agoJune 23, 2019

    LAURENT KOSCIELNY could quit Arsenal after being offered a homecoming by Lyon, according to reports in France.

    Veteran French defender Koscielny looks set to leave the Emirates this summer after talks over a new deal broke down.

    The 33-year-old centre-back has one year remaining on his current contract in North London but Ligue 1 giants Lyon have provided an immediate option.

    Lyon have offered Koscielny a two-year deal which he is contemplating, Foot Mercato say.

  • Jamie Gordon48 minutes agoJune 23, 2019

  • Jamie Gordon2 hours agoJune 23, 2019

    ARSENAL'S budget issues are not helped by having £350k-a-week benchwarmers.

  • Jamie Gordon2 hours agoJune 23, 2019

    ARSENAL are reportedly reassessing their transfer options after moves for Ryan Fraser and Yannick Carrasco stalled.

    The Standard claims Unai Emery is making plans for new targets after struggling to land a new winger this summer.

    Bournemouth have told Arsenal they will not be selling Scotland international Fraser, 25.

    While SunSport understands 25-year-old Carrasco, who plays in China, is out of the Gunners’ price range at £30million.

    And Emery is now set to re-evaluate his options after deciding against move for Barcelona loan flop Denis Suarez.

    Hakim Ziyech and wonderkidReinier Jesusmay be too costly but Ivan Perisic andFlorian Thauvin could fit the bill.

  • Jamie Gordon3 hours agoJune 23, 2019

    JOHN HARTSON has slammed his former club Arsenal for an 'embarrassing' bid for Celtic ace Kieran Tierney.

    SunSport exclusively revealed that the Gunners had a £15m bid rejected by the Hoops for the Scotland international.

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