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.
Thursday morning's headlines:
Arsenal 'have up to £70m to spend on Wilfried Zaha'
Arsenal reportedly have "up to £70m" to spend on Crystal Palace attacker Wilfried Zaha ahead of the 2019-20 campaign. Read more.
Arsenal 'eye swoop for RB Leipzig defender'
Arsenal consider an approach for RB Leipzig right-back Lukas Klostermann, according to a report. Read more.
Bordeaux to make attempt to land Laurent Koscielny?
Bordeaux want to sign Arsenal captain Laurent Koscielny in this summer's transfer window, according to a report. Read more.
Arsenal want to sign Chile midfielder Erick Pulgar?
Arsenal eye a £10.8m summer deal for Bologna midfielder Erick Pulgar, according to a report. Read more.
Arsenal 'highly unlikely to sign Wilfried Zaha this summer'
Arsenal are reportedly highly unlikely to sign main target Wilfried Zaha this summer after angering Crystal Palace with their initial £40m bid for the forward. Read more.
Atletico Madrid 'want Alexandre Lacazette as Antoine Griezmann replacement'
Atletico Madrid reportedly line up Arsenal striker Alexandre Lacazette as a possible replacement for outward-bound Antoine Griezmann this summer. Read more.
Barcelona 'offer Malcom to Arsenal as Wilfried Zaha alternative'
Barcelona are reportedly offering Malcom's services to Arsenal, but the Gunners are instead keen to continue their pursuit of Crystal Palace's Wilfried Zaha. Read more.
Liverpool, Arsenal, Tottenham Hotspur 'target Real Madrid's Dani Ceballos'
Premier League trio Liverpool, Arsenal and Tottenham Hotspur are understood to all be interested in signing Real Madrid midfielder Dani Ceballos this summer. Read more.
Arsenal squad: Vote on who you think should stay or go
Sports Mole gives you the chance to vote on who Arsenal should keep or ditch this summer ahead of another campaign without Champions League football. Read more.
Alexandre Lacazette agent holds talks over Arsenal future?
The agent of Alexandre Lacazette has reportedly sat down with Arsenal chiefs to discuss the French striker's future, amid links with Atletico Madrid and Barcelona. Read more.
Report: Arsenal make contact with Lyon star Nabil Fekir
Lyon attacking midfielder Nabil Fekir emerges as a rumoured target for Arsenal, 12 months on from his £53m switch to Liverpool collapsing late on. Read more.
Report: Arsenal make £50m bid for Leicester City defender Harry Maguire
A report claims that Arsenal are to offer £50m for central defender Harry Maguire - around £40m below what Leicester City are after, Read more.
