BBC football journalist David Ornstein has revealed the latest transfer news at the club as the January window opens on Tuesday.
The Gunners were expected to spend big in the summer transfer window after the arrival Unai Emery, who was appointed as the replacement for Arsene Wenger.
However, the club was actually involved in some low-budget spending which saw the likes of Bernd Leno, Lucas Torreira and Sokratis move to the Emirates stadium for cut-price fees.
Some fans have been looking forward to seeing Unai Emery splash the cash on new players – particularly defenders – who can bolster the squad in the race for a top four finish in the Premier League.
But much to the disappointment of many, BBC journalist David Ornstein has revealed that the club is still struggling to gather enough funds to buy players on permanent deals in January.
Unfortunately, the Gunners’ are set to pursue only cheap loan deals and more worryingly for Emery, key midfielder Aaron Ramsey is set to hold talks with other clubs as he nears his departure.