There are under 10 days remaining of the winter window, and the Gunners have yet to move significantly in the market. Despite the lack of business, the club reputedly are working on at least one deal.
Arsenal are very keen on Sverre Nypan and aiming to present the best pathway possible to the 18-year-old midfielder. They are not the only club interested, though, with Manchester City providing tough competition.
That is especially so considering their City Football Group club network presents the opportunity for more senior minutes. However, the influence of Gunners captain Martin Odegaard will be an important factor in talks with the Norway under-21 international.
The Gunners are also understood to be trying to sign a striker, with Benjamin Sesko remaining a target. Matheus Cunha is also being linked with a move this month, though Wolverhampton Wanderers head coach Vitor Pereira believes the player is not for sale.