With the signing of Gervinho and the continued pursuit of players like Christopher Samba and Mark Cahill, it would appear that things are a bit brighter over the Emirates these days, despite coming off another trophy-less season.
But there is still cause for concern for Arsenal. They face the very real prospect of losing key members of their club or solid bench players who have been there for the last half-decade. Here are three players who will not be wearing an Arsenal shirt for much longer.
Arsene Wenger was always hot on Samir Nasri as a young player but now he has continued to develop into a solid contributor and we can all see just why Wenger was so keen on him.
However, it is that talent which is attracting the attention of other big clubs, such as the big-spending Manchester City, and with him keen to move to a more competitive team, a transfer might not be far around the corner.
The Cesc Fabregas transfer saga is still ongoing, with the Mirror now reporting that the Gunners captain has pleaded with boss Arsene Wenger to let him leave for Barcelona.
The Spaniard seems keen to move back home and if Barca can make a good offer, Arsenal may have no choice but to let him leave.
Nicklas Bendtner was already relatively unpopular amongst Arsenal fans when he came out and said he was a great seven-figure-transfer-fee player, thanks in large part to his lack of playing time.
Now he has said he is keen to leave but despite numerous rumours linking him to Bayern Munich, he is yet to find a club that will take him, either on loan or on a permanent basis. Now, though, the Mirror have reported that Everton are considering a loan deal for the Dutch striker.