Maybe the sky in North London isn't falling after all.
With rumors continuing to swirl about Robin van Persie's imminent departure to Juventus or one of the two Manchester clubs, there have been hopeful signs around the Emirates of late.
In the latest of what has been an impressive bit of seemingly good business by Arsene Wenger this summer, Spain midfielder Santi Cazorla is reported by the Guardian to have completed his much-anticipated £16 million move from Malaga.
The 27-year-old attacking midfielder was part of the 2008 and 2012 European Championship-winning Spain sides. He will take his place amongst Arsenal's other new attacking acquisitions: German striker Lukas Podolski and French forward Olivier Giroud.
The highly-versatile winger is noted for his speed and his ability to be deployed on either flank. After nearly a decade at Villareal, Cazorla spent one season at Malaga where he helped lift the cash-strapped La Liga outfit to a Champions League berth.
While Gunners fans around the world continue to hold their breath regarding the fate of their captain, they can take some comfort in the fact that Wenger seems determined not to leave things late, as he did last summer.
Twelve months ago the Arsenal manager essentially choose to bury his head in the sand while two of his best players, Cesc Fabregas and Samir Nasri, shuffled off to Barcelona and Manchester City, respectively.
It took a demoralizing 8-2 defeat at the hands of Manchester United for Wenger to be prompted to act. What resulted was a semi-frantic last-minute dash around the transfer market that saw Arsenal secure the services of Per Mertesacker, Mikel Arteta, and Yossi Benayoun on deadline day.
This time around Wenger seems determined to do it right, regardless of how the already wearying van Persie saga plays itself out.
With the new signings on board and midfielder Jack Wilshire set to return from his long-term injury-induced absence in October, there are hopeful signs that Arsenal will be competitive next season, regardless of whether their coveted Dutch striker stays or goes.
Arsenal are also currently thought to be out to secure a loan deal for Real Madrid midfielder Nuri Sahin.