Mikel Arteta has been told that he has a budget of just £20 million to spend in the current transfer window.
The Gunners have already made one signing in the form of teenage centre-back Omar Rekik from Hertha Berlin, but that was only for a modest outlay, and he is one for the future, and is not ready to challenge for a first-team spot yet.
They are in the market for a creative midfielder, a right-sided central defender, and a reliable back-up goalkeeper, but given the funds limitations, some, or all of those may have to wait, unless they can identify suitable players to bring in on loan.
The money at Arteta’s disposal could be swelled if more player departures can be arranged. Sead Kolasinac and William Saliba have already left on loan, and there are rumours linking both Sokratis Papastathopoulos and Shkodran Mustafi with January moves away.
The Elephant in the room remains Mesut Ozil. If his proposed move to Fenerbahçe goes through, then that will change the situation significantly.
Andy is an exiled English football fan living in Cyprus. He loves all sports but football is his abiding passion, and he still has dreams every now and then about scoring the winning goal in a Wembley Cup Final, even though his playing days are long gone. He follows most major leagues, across Europe at least, and has a favoured team in each. When he’s not watching, listening, reading or downloading podcasts about football, he spend his time worrying about his beloved Arsenal.