With just two Premier League games remaining, Arsenal's season is all but over.
Mikel Arteta's side seemed destined to become champions of England for the first time in 19 years at the beginning of April, as they sat eight points clear of Manchester City at the top of the table. Now, they find themselves four points behind Pep Guardiola's team, who need to win just one of their last three Premier League fixtures to retain the title.
Arsenal's collapse has disappointed fans but the summer brings fresh hope. Arteta has already started drawing up a transfer shortlist to ensure Arsenal are contending for the Premier League title again next term. With that in mind, here are the latest headlines from the Emirates.
Henry's advice to Balogun
Arsenal legend Thierry Henry has told Folarin Balogun he may need to leave the Emirates this summer. The 21-year-old forward, who has switched his international allegiance from England to the United States, has spent this season on loan at French side Reims.
It's been a productive campaign for Balogun, as he's scored 20 goals to remind Arsenal fans of his talents. But with Gabriel Jesus, Eddie Nketiah and Leandro Trossard already in Arteta's squad, Balogun may struggle for minutes at the Emirates next season.
Henry believes it's important for Balogun to continue playing after his breakthrough season in France. He told CBS Sports: "For him next year, it is important that he plays. I don't know if he will play for Arsenal.
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"With England, he had to battle with Callum Wilson, Ivan Toney, Ollie Watkins, Tammy Abraham, Harry Kane. He is a great player for USA as they are missing that No.9. He has been great in France, now he has to find a team where he will play next year."
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Bayern after Rice
Bayern Munich manager Thomas Tuchel is interested in signing West Ham captain Declan Rice. The England international, 24, is expected to leave the Hammers this summer in pursuit of Champions League football, with Arsenal leading the race for his signature.
Yet Rice will cost Arsenal a record transfer fee of more than £100million, which may force them to pull out of a deal. The midfielder may also be interested in a switch to Germany, with Bayern aiming to win the Bundesliga title and Champions League next term.
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Martinelli out for season
Gabriel Martinelli will not play again for Arsenal this season.
The Brazil international, 21, suffered ankle ligament damage in Sunday's 3-0 home defeat to Brighton and will not be fit in time for Arsenal's remaining Premier League fixtures against Nottingham Forest at the City Ground and Wolves at the Emirates.
Arteta was asked about Martinelli's injury after the Brighton game. He said: "He is in a boot. It is very uncomfortable to walk. He could not play on. We need to scan him."