For the first time since the 2007-08 season, Arsenal come into the new year at the summit of the Premier League, and therefore face a critical January transfer window if they're to maintain their lofty standards.
Arsene Wenger's side stepped out of their comfort zone by smashing their previous transfer record and signing Mesut Ozil over the summer, but will the winter period offer up a similar surprise arrival?
Here, we look at the latest transfer news surrounding the Emirates Stadium, analysing what impact the moves may have on the north Londoners in the months to come.
Giroud Not Looking For a Fight
A great deal of the transfer rumours surrounding the Emirates Stadium in recent months have pointed out attacking reinforcements as a priority for Arsenal.
Olivier Giroud has taken on the large majority of the club's striking duties this term, but is confident that his club no longer have the need for an alternative forward following the recovery of Lukas Podolski.
Speaking to French television station Canal+ (h/t Sky Sports), Giroud was quoted as saying:
If the coach wants me to rest, he can do it without buying a new striker.
Lukas Podolski is having a good comeback. Theo Walcott can play as a striker. We have the quality and the quantity. I would rather not see a new striker come in.
Wenger is having to contend without his Frenchman after the Mirror's John Cross announced that Giroud would miss the New Year's Day outing against Cardiff City:
Giroud's goal against Newcastle over the weekend was his first in five games, while Podolski has now scored three goals in just over 125 minutes of play this term.
It's possible that the striker is correct and his squad could in fact deal with their current crop of talent, or Giroud's suggestion could be a tactical manoeuvre to cover his own place in the team.
No Cabaye Buy
After becoming linked with a move for the French international over the summer, it seems Yohan Cabaye may not figure as one of Arsenal's priorities in the new year.
The Independent's James Orr explains that the Gunners had a £12 million bid for the midfielder rejected during the summer, but adds that Arsenal won't be going back in for Cabaye's services.
Orr quotes Wenger as telling Sky Sports News:
No, we don't look for midfielders. Today we did not have [Mesut] Ozil, we did not have [Aaron] Ramsey who stayed at home, but we still had three good midfielders and I still had [Mikel] Arteta on the bench. There is no real need in there.
It's sound logic on the manager's part, Wenger never being the type to purchase in excess of what his Arsenal side truly need, as opposed to what some may want.
Mark Lawrenson Tips Christian Benteke for Gunners
However, should Arsenal indeed find themselves hunting for a striker this winter, Mark Lawrenson believes the out-of-form Christian Benteke could be an ideal fit.
Writing in his Mirror column on Monday, Lawrenson said:
He has lost his way alarmingly this season and Arsenal could help him to rediscover his mojo if they could pinch him.
Villa have found a way to get results without him and you just wonder whether they have resigned themselves to raking in a decent fee for him next month and using it on reinforcements to get themselves out of trouble.
They wouldn’t get the £25million they wanted off Spurs for him in the summer. Benteke would give Arsenal something they don’t have. He is a wrecking ball.
Benteke does have the potential to be a more direct quantity than Giroud, who would so often prefer to make his movement off the ball than run at the opposition with it under his control.
However, Benteke could offer a fine alternative to the Gunners' current first choice, the simple question being just how willing Villa will be to let go of their star forward.