All the latest Arsenal transfer news and rumours from across the British and European press on Monday, January 29.
Arsenal are close to agreeing a fee of around £60m for Pierre-Emerick Aubameyang with Borussia Dortmund, according to Sky sources.
It is understood that talks are ongoing between the clubs, but a deal has not yet been reached for the striker.
Arsenal had a bid in excess of £50m rejected, with Dortmund's sporting director Michael Zorc saying they would only let the 28-year-old go if their demands were met. It is understood they are holding out for £60m.
One source told Sky Sports News on Sunday night that Arsenal striker Olivier Giroud may yet be involved in a deal to bring Aubameyang to the Emirates.
Meanwhile, Aubameyang's pending arrival means Arsenal will allow Giroud to move to Chelsea should their London neighbours meet the 31-year-old's £35m valuation, writes the Daily Mail.
The Daily Mail also reports that the Gunners are reluctant to let defender Rob Holding leave on loan following an enquiry from Burnley.
Could that move hinge on Arsenal's interest in Jonny Evans?
Arsenal are interested in signing the West Brom defender and believe a deal can be done on the cheap, according to the Daily Star.