Arsenal have had a busy summer, with three major signings arriving through the door.
Dani Ceballos has rejoined on loan for another season from Real Madrid, whilst Willian and Gabriel Magalhaes have also arrived.
But the Gunners are thought to be eyeing further reinforcements, with Mikel Arteta looking for additional creativity.
And one player who has been linked is Barcelona star Philippe Coutinho.
With that in mind, here is a round-up of all the very latest on Coutinho’s future and everything we know so far about the prospect of him joining Arsenal this summer.
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Guendouzi swap deal
Matteo Guendouzi is set to leave Arsenal this summer and Barcelona are prepared to offer the out-of-favour Philippe Coutinho in an exchange deal for the French midfielder.
That is according to a report in French outlet Foot Mercato which outlines how the deal could suit all four parties.
Coutinho looks likely to return to the Premier League this summer and the Gunners are among the clubs who are interested in the former Liverpool star.
Barcelona to offer two midfielders
According to FootMercato, Barcelona were willing to let Philippe Coutinho join Arsenal if the Gunners paid £45million and let Matteo Guendouzi head to the Nou Camp.
However, the Gunners snubbed the proposal, and Barcelona have now reportedly made another offer to the north London club.
Barcelona have offered veteran midfielders Ivan Rakitic and Arturo Vidal to Arsenal in exchange for Guendouzi.
Coutinho request to Arsenal, loan fee
According to Spanish outlet Sport, Arsenal are still among the front runners to sign Coutinho from Barcelona and have already made an offer.
The report claims that Coutinho initially rejected Arsenal’s proposed offer from reduced wages, but the Brazilian has now made a U-turn and has asked Gunners chiefs to be given more time to consider his options.