All the latest Arsenal transfer news and rumours from across the British and European press on Tuesday, January 16.
Arsenal have agreed a £44.4m deal to sign Bourdeaux forward Malcom, according to reports in Brazil.
Globoesporte say Malcolm will sign a five-year deal at the club, and say his agents are in London this week to complete the transfer.
Arsenal are closing in on Pierre-Emerick Aubameyang as their new head of recruitment insists they are not getting a bad boy, say the Daily Telegraph.
Sven Mislintat reportedly recommended the Borussia Dortmund striker, despite multiple disciplinary actions handed to him by the Bundesliga club, and a £50m deal could be close.
Mislintat is believed to have assured Arsenal that Aubameyang is "hard-working and dedicated."
Everton are hopeful of signing Theo Walcott from Arsenal in a £20m deal, according to the Guardian.
Negotiations between Everton and Walcott's representatives are thought to be advancing, but the 28-year-old is also attracting interest from Southampton.
Danny Welbeck could be set for a move to Besiktas, according to Turkish newspaper Posta.
Arsenal manager Arsene Wenger has preferred to use Welbeck as a substitute this season, and having sold Cenk Tosun to Everton, Besiktas are being liked with the 27-year-old Englishman.