Arsenal ultimately suffered a disappointing first campaign under Unai Emery in 2018-19, missing out on a top-four finish in the Premier League and then seeing their final chance of Champions League qualification ended by defeat in the Europa League final.
The Gunners are eager to bolster their squad this summer in an attempt to return to the top table of European football, but Emery is understood to have been given a transfer budget of just £45m to work with.
Here, Sports Mole rounds up the latest news on possible comings and goings at the Emirates Stadium.
Friday morning's headlines:
Premier League spending tops £1bn for fourth successive summer
Top-flight clubs broke the 10-figure barrier for the fourth successive summer. Read more.
David Luiz: 'I needed new challenge at Arsenal'
David Luiz insists that his shock deadline day move to Arsenal from Chelsea was based on a desire to seek a new challenge. Read more.
Transfer deadline day: David Luiz, Romelu Lukaku, Alex Iwobi top the billing
Inter splashed out £74million to sign the wantaway Belgium forward from United. Read more.
Alex Iwobi completes £35m move from Arsenal to Everton
The deal was announced just after 9pm. Read more.
Arsenal focus on defensive reinforcements on deadline day
The duo have joined from Chelsea and Celtic respectively. Read more.
Roy Hodgson: 'Wilfried Zaha is annoyed with Crystal Palace board'
Manager Roy Hodgson admits that winger Wilfried Zaha has "beef" with the Crystal Palace board after failing to seal an exit from Selhurst Park. Read more.
Arsenal confirm signing of Chelsea defender David Luiz
Arsenal confirm that they agreed to sign Chelsea defender David Luiz, who has allegedly cost in the region of £8m. Read more.
Deadline day roundup: Romelu Lukaku, Giovani Lo Celso, Kieran Tierney
Romelu Lukaku has left Manchester United for Inter Milan in a reported £74m deadline-day deal. Read more.
Arsenal complete £25m Kieran Tierney deal
Scotland international is highly rated. Read more.
Everton 'make last-ditch improved £40m bid for Arsenal winger Alex Iwobi'
Everton reportedly submit a last-gasp improved offer for Arsenal winger Alex Iwobi after seeing an initial £30m bid rejected. Read more.
Arsenal 'on verge of David Luiz announcement'
Arsenal secure the signing of experienced centre-back David Luiz from Chelsea, according to a report. Read more.
Arsenal 'open talks with Alexandre Lacazette, Pierre-Emerick Aubameyang'
Arsenal reportedly open contract negotiations with striking duo Alexandre Lacazette and Pierre-Emerick Aubameyang but have so far been unable to agree terms. Read more.
Crystal Palace 'rule out Wilfried Zaha exit'
Crystal Palace reportedly rule out the possibility of Wilfried Zaha leaving the club on deadline day, despite the winger submitting a transfer request. Read more.
Mesut Ozil's Arsenal exit 'depends on coffee shop'
Mesut Ozil's proposed move from Arsenal to DC United could reportedly hinge on his interest in opening a coffee shop at their stadium. Read more.
Philippe Coutinho 'would only consider Liverpool loan'
Barcelona midfielder Philippe Coutinho, who has been linked with Man United, Arsenal and Spurs this summer, would reportedly only consider a loan move back to Liverpool. Read more.
Wolverhampton Wanderers hoping to sign Reading forward Danny Loader?
Wolverhampton Wanderers are reportedly attempting to sign Reading forward Danny Loader before the close of play on Thursday. Read more.
Everton still keen on Arsenal midfielder Alex Iwobi?
Everton reportedly remain interested in signing Arsenal midfielder Alex Iwobi, despite having a bid rejected on Wednesday. Read more.
Chelsea defender David Luiz to sign two-year deal at Arsenal?
David Luiz will reportedly pen a two-year contract at Arsenal, providing that he completes a transfer from Chelsea on deadline day. Read more.