the story so far.........................
Players in: Yaya Sanogo (Auxerre) Free.
Players out: Chuks Aneke (Crewe) Loan, Martin Angha (Nuremberg) Free, Andrey Arshavin (Zenit St Petersburg) Free, Samir Bihmoutine (Released), Joel Campbell (Olympiakos) Loan, Reice Charles-Cook (Bury) Free, Francis Coquelin (Freiburg) Loan, Denilson (Sao Paulo) Free, Johan Djourou (Hamburg) Loan, Craig Eastmond (Colchester) Free, Kyle Ebecilio (Twente) Free, Gervinho (Roma) £8m, Sead Hajrovic (Released), Conor Henderson (Released), Vito Mannone (Sunderland) Undisclosed, Jernade Meade (Swansea) Free, Ignasi Miquel (Leicester) Loan, Elton Monteiro (Club Brugge) Undisclosed, Nigel Neita (Released), Joshua Rees (Released), Philip Roberts (Falkirk) Free, Andre Santos (Flamengo) Undisclosed, James Shea (Released), Sebastien Squillaci (Bastia) Free, Sanchez Watt (Colchester) Free, Jordan Wynter (Bristol City) Free.
•Arsenal chief executive Ivan Gazidis says the club are ready to "escalate" their spending this summer.
•They are linked to strikers Gonzalo Higuain, who eventually joins Napoli for £34.5m, Wayne Rooney and Luis Suarez, for whom they have a bid of over £40m rejected, but at the time of writing have not made a major signing.
•The Gunners are drawn against Fenerbahce in the play-off round of the Champions League - although the Turkish side could yet be banned from the competition.
•Sir Chips Keswick becomes Arsenal chairman, as Peter Hill-Wood steps down for health reasons.
EXPERT'S VIEW: BBC London 94.9's Ankur Desai: "The only player to come in is Yaya Sanogo, someone with an unproven track record but who already has a proven injury record.
"A season of mediocrity and lack of silverware will have the natives raising their voices and calling for Arsene Wenger to step aside, as unthinkable as it may seem."
Arsenal boss Arsene Wenger: "Our base of young players can have a special bond and they are on the way upwards - they are not over the hill.
"They will be better this year and that is why I am confident we will be stronger this season."
