Here we are then, the day that can either bring joy and excitement or just pure disappointment for any football fan. This deadline day will no doubt be as dramatic as ever, but the question is - will Arsenal be amongst it all?
Mikel Arteta has made it clear that the door remains open for further additions but reiterated business will only be done if it involves the right player. After all, we've been here before. Back in January, many were convinced that the club would sign someone given the shortages in attack and midfield, yet Arteta and Edu refused to press the panic button.
Fast forward to today and it's a similar situation. Nicolas Pepe has departed on loan without a replacement in sight while injuries to Mohamed Elneny and Thomas Partey leave the Gunners worryingly light in midfield. However, the return to Europe and the newly introduced five-substitution rule means squad depth is more important than ever before.
