Ins, Outs & Latest: Arsenal to Hull
Ins: Yaya Sanogo (Auxerre)
Outs: Gervinho (Roma), Andriy Arshavin (Zenit St Petersburg), Andre Santos (Flamengo), Vito Mannone (Sunderland), Denilson (Sao Paulo), Sebastien Squillaci (released), Johan Djourou (Hamburg: loan), Francis Coquelin (Freiburg: loan), Craig Eastmond (Colchester United), Kyle Ebecilio (Twente), Sanchez Watt (Colchester United), Jordan Wynter (Bristol City), Jernade Meade (Swansea)
Reasons to be optimistic: The Gunners have had a great pre-season and beat Manchester City 3-1 with confidence earlier in August, with Olivier Giroud and Theo Walcott particularly impressive. Jack Wilshere is almost fully fit, while Luiz Gustavo could join from Bayern Munich to add steel to the midfield.
Reasons to be fearful: Despite promises of a transfer 'war chest', no major players – and in particular, forwards – have been signed. Gonzalo Higuain opted for Napoli while Luis Suarez's move from Liverpool is stalling, and another season without a trophy would leave Arsene Wenger's future in serious question.
Business still to do: A striker must be a priority for Wenger, though Giroud is making a good case to be first choice this season - though the Suarez situation is still unresolved. A centre-back would be a plus with Thomas Vermaelen injured again, and midfield cover wouldn't go amiss – cue Gustavo. A top-class goalkeeper would be welcomed, but unlikely – Wenger never likes to makes things that easy...