With just over a week of the January transfer window left to run, speculation regarding potential deals is becoming intense.
One player thought to be attracting the attention of a number of clubs is Julian Draxler, Schalke's highly rated 20-year-old midfielder.
Draxler is wonderfully creative and appears to have all the attributes needed to be a top-class player. He is quick, sharp, comfortable with both feet, has excellent vision and has already won 10 caps for Germany.
He can play in any position across the front line, often cutting infield from the left with devastating effect.
He is thought to have a £31 million release clause, according to ESPN, and that will undoubtedly have Europe's top sides interested, such is the prodigious nature of his talent.
Here we gather together all the reports concerning Draxler's future.
—LAST UPDATE: Sunday, January 26—
Despite Arsene Wenger's luke-warm response when asked on Friday whether he would be able to sign Draxler, Draper believes negotiations are ongoing, and that there is a desire from the player to make the transfer happen.
Arsenal are said to have a limit of £30 million, but Schalke want at least £35 million, however, reaching a compromise is thought to be a real possibility this week.
Manager Arsene Wenger was asked in a press conference whether Draxler would be joining, and he described it as "very unlikely".
It looks very unlikely. We are at the 23rd of January today and we are not close to doing anything.
I feel a bit guilty going to a press conference during the transfer window and having no one to announce, but I don't want to lie.
We have [Alex Oxlade] Chamberlain back, [Nicklas] Bendtner back, [Mikel] Arteta and [Aaron] Ramsey back next week. We have the needed squad. Overall, we have a very strong squad. If something exceptional turns up, we will do it.
Having said that, not everyone will strengthen in this window. They will buy, but by buying, it does not mean that they will strengthen.
However, a report by Jamie Sanderson in the Metro suggests Arsenal may make a last-ditch attempt to secure Draxler's signature.
Sanderson believes that Arsenal officials held talks in Germany as recently as last week, but a deal could not be finalised. It's thought that one last effort to bring him to Emirates is now a priority, but the club are not willing to meet the player's £37 million buy-out clause.
Arsenal are said to be ready to offer £20 million cash plus Podolski, but Schalke are keen to hold out for £37 million, which is the value of the midfielder's release clause.
Podolski has recently returned from injury, but with Arsene Wenger boasting an array of attacking talent, it seems Podolski isn't first-choice upfront or on the left.
If Wenger can use the 28-year-old as part of a deal fro Draxler, either now or in the summer, it seems he will do.
Arsenal manager Arsene Wenger is thought to be an admirer of Draxler's, but Heldt has said the player hasn't intimated he wants a move.
He told Der Westen:
I have not been told that Julian would like to leave us, either in the winter or the summer. There have not been any requests from any club regarding Julian.
It boils down to wild speculation, which has been happening in England. The club could have also contacted us if they were interested.
Thomas Spiegel, Schalke's press officer, also poured scorn on the idea, saying that reports in England regarding Arsenal's interest had been overblown. "In recent weeks, all the stories regarding FC Schalke 04 in the English media have had very little substance," he said.