Emil Forsberg is wanted by Arsenal and Bayern Munich
Arsenal Transfer News Live – follow below for updates on breaking news and latest gossip
Wednesday May 31
04:20: Arsenal boss Arsene Wenger is reportedly preparing a £40million move to sign Leicester star Riyad Mahrez.
Mahrez, 26, outlined his intentions to leave the Foxes yesterday.
And The Sun claim Wenger is ready to renew his interest in the Algeria international as he wants to sign two marquee players ahead of next season.
Wenger looks set to extend his stay at Arsenal for a further two years after holding positive talks with Stan Kroenke.
03.00: Arsenal have made a £30million bid for RB Leipzig winger Emil Forsberg, reports claim.
Arsenal have been keeping track of his progress in the Bundesliga.
And according to Calciomercato, a £30m offer has been tabled along with Bayern Munich.
However, it is said Leipzig might only be tempted to sell if they get £40m for his services.
Tuesday May 30
22.15: Arsenal have agreed a £6.8m fee with Belgian club KAS Eupen for Nigerian striker Henry Onyekuru.
Sky Sports claim personal terms are still yet to be agreed however.
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Onyekuru was the joint top scorer in Belgium last season with 20 goals.
20.00: Gary Lineker has questioned Arsene Wenger's expected Arsenal stay.
The Gunners boss looks set to remain as manager after agreeing a two-year deal.
"Arsenal have got a long way to go at the moment, they're further behind than Arsene Wenger thinks," Lineker told BBC Radio 5 live.
"If you ask me now whether Arsenal are going to be in the top four next season, I would say most probably not.
18.00: West Ham are the latest club to join the race for Wojciech Szczesny.
The Poland international is expected to leave the Gunners this summer and is thought to be closing in on a move to Napoli.
But Slaven Bilic is in the hunt for a new goalkeeper and Italian publication Il Mattino claim the Hammers are considering a move for the shot-stopper.
15.40: Remember we told you about the reports Riyad Mahrez was wanted by Arsenal? Well, this is interesting.
Sky Sports News reporter Rob Dorsett, a reliable source for Midlands news, tweeted this afternoon: “Riyad Mahrez has told #lcfc chairman he wants to leave club this summer.”
To the Emirates?
14.45: Arsenal have failed with a £52million bid for Torino striker Andrea Belotti, according to reports in Italy.
Newspaper Tuttosport claim the Gunners are not willing to mach the 23-year-old's £86m release clause and have backed down.
Manchester United and Chelsea are also said to have had offers of £60m rejected by Torino who are holding out for the full value.
12.55pm: Manchester City are promising a massive investment in their squad this summer and Arsenal star Alexis Sanchez is on their radar.
Express Sport understands City are keen to land Sanchez, who is yet to sign a new contract at the Gunners.
And chairman Khaldon Al Mubarak has confirmed their intention to sign off on more deals following Bernardo Silva’s £43m arrival.
“I am very excited about how we are developing as a team, how Pep has taken the squad and really started a process of going through that natural cycle of development,” Al Mubarak said.
“We’ve gone through several cycles over the last nine years and we’re in the middle of one now but you can see where we’re going. I have high confidence that we are going in the right direction. You’ve seen many glimpses of us playing a type of football that is very exciting and very entertaining that I think the fans will grow to love and the results will come, I have no doubts the results will come.”
“Pep has introduced a new way of playing for us, an exciting way but a way that requires work and which requires a set of players that I think function within that system and probably ff I look back at this season that puzzle wasn’t complete and I hope this summer we support Pep in competing that puzzle.”
Manchester City want to sign Alexis Sanchez (right)
12.25pm: Thomas Tuchel, who has been linked with a move to Arsenal in the past, has just LEFT Borussia Dortmund.
What timing… Is he off to the Emirates, then?
The full story – and the answer to just that – is here.
11.30am: Arsene Wenger is STAYING… it seems.
Arsene Wenger has reportedly agreed a new two-year contract with Arsenal.
The Mirror claim the contract has been finalised and an announcement will be made tomorrow.
Further agreements regarding summer transfer plans and a reshuffle of Wenger's backroom staff are said to have taken place during today's board meeting.
9.30am: Malaga duo Sandro Ramirez and Pablo Fornals are "serious" Arsenal transfer targets, according to the Daily Mail.
Sandro scored 16 goals in 31 games this season and has a buy-out clause of just £5million.
While Fornals viewed as the long-term replacement for Santi Cazorla.
8.45am: Arsenal are set to reignite their interest in Leicester star Riyad Mahrez.
The Mirror claim the Gunners will move for the Algeria international – but only if the price is right.
Also on Arsene Wenger's radar is AC Milan striker Carlos Bacca and Monaco ace Thomas Lemar.
Lucas Perez has had a tough season at Arsenal
What would appease the supporters is if he brought in some really big names
8am: John Hartson believes Arsene Wenger should look to sign Romelu Lukaku and Virgil van Dijk in the summer.
He told BBC Radio Five Live: "What would appease the supporters is if he brought in some really big names and he makes a statement then by saying, 'Well, we've got a strong enough squad'.
"Say, for instance, Romelu Lukaku becomes available at Everton, £60m, whatever it is. Van Dijk for example, £50m.
"Arsene, the fans are saying, 'Please be in for these players'. Don't be £5m out, blah, blah, blah, whatever it is."
7am: Sevilla and Deportivo La Coruna are reportedly interested in bringing Lucas Perez back to La Liga.
Perez joined Arsenal from Deportivo last summer but has been unable to force his way into Arsene Wenger's team regularly.
The 28-year-old started just two Premier League games for the Gunners and is keen to get first-team football.
And the Daily Mail say Sevilla and Deportivo want to sign the left-footed this summer.