The transfer window opened just two-and-a-half weeks ago, but Arsenal have wasted no time in getting their business done.
The Gunners have already signed Kai Havertz from Chelsea in a £62million deal, with the Germany international agreeing a five-year contract. He will be joined at the Emirates by West Ham captain Declan Rice, who is close to completing a £105m transfer.
Jurrien Timber is also closing in on a move to Arsenal. Mikel Arteta's side are trying to agree a fee with Ajax for the Netherlands international, which is tipped to be in the region of £40m. Personal terms are not expected to be a problem for Timber.
With all that in mind, here are the latest transfer headlines from the Emirates.
Rice transfer set for Monday
Rice's move to Arsenal should be confirmed by Monday, according to The Sun. The Gunners have already agreed a £105m fee with West Ham for the England international, 24, but the two London clubs still need to work out how that hefty sum will be paid.
Arsenal will pay West Ham £100m, with a further £5m coming in add-ons. It's believed the Hammers want all of that by the start of 2025, but Arsenal want to stretch out the payment.
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An agreement is expected to be reached on Monday, allowing Arsenal to break the good news to their fans. Personal terms will not be a problem for Rice - who wants to play for the Gunners in the Champions League - with only a medical left to complete.
Arsenal will play in Europe's premier club competition next season after finishing second in the Premier League last time out. Rice said in December: "One hundred per cent I want to play in the Champions League. For the last two or three years I’ve been saying that."
Havertz's wage revealed
Kai Havertz has become Arsenal's best paid player, according to Bild. The 24-year-old is thought to be pocketing €20m per year (around £330,500 per week). That is around the same amount as Pierre-Emerick Aubameyang and Mesut Ozil earnt at the Emirates.
It's claimed Arsenal's previous highest earner before Havertz's arrival was Thomas Partey. The Ghana international, 30, is believed to be earning €12m per year (around £200,000 per week). Juventus and clubs in Saudi Arabia are reportedly interested in signing Partey.
Smith Rowe to stay
Emile Smith Rowe has confirmed he will stay at Arsenal and fight for his place in Arteta's starting XI. The England international, 22, failed to start a single game for the Gunners last season and the arrival of Havertz has cast more doubt over his future.
Yet Smith Rowe is determined to make a name for himself at the Emirates. Speaking to The Sun, he said: "The additions we’re making are going to really help the team progress again. It’s really exciting so hopefully we can go one step further next season.
"Of course [it's extra competition], but this is football. You’ve just got to get on with it. I’ve got to keep working hard and it’s healthy competition. I’ve got to keep fighting."