More comings and goings are set to happen in January, as the winter window gradually moves through gears.
London clubs Chelsea and Tottenham have reportedly been dealt a huge disappointment ahead of the transfer window.
Gunners youngster Emile Smith Rowe has reportedly declined offers to join either clubs.
The youngster, a product of Arsenal academy turned down advances to move to Stamford Bridge.
The 18-year-old, who was impressive for Arsenal in the preseason, is looking forward to carving a mark at the club.
Smith Rowe scored in Arsenal’s Europa League win over Qarabag last week.
Surprisingly, Chelsea and Tottenham are not the only clubs vying for the youngster’s services.
La Liga champions Barcelona were reportedly keen on landing the 18-year-old.
According to the Telegraph, all three outfits approached Arsenal for the teenager’s services when he was 15, but he gave all trio a nod of disapproval.
Smith Rowe looks to have cemented a spot for himself in the Europa League after his goal against Qarabag.
The midfielder is keen on staying under the tutelage of new boss Unai Emery and gradually hone his skill under the Spaniard.
Arsenal sit fourth on the Premier League log, two points adrift table toppers Manchester City, and take on Leicester City after the international break.