QPR goalkeeper Cesar was strongly linked with a move to the Gunners at the beginning of the summer, while Goal exclusively revealed on Monday that Arsene Wenger's side were closing in on a £17 million move for Bayern midfielder Gustavo.
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"We have two weeks until the close of the market, but nothing is decided yet," Cesar said. "I'm talking to some clubs, but we still haven't reached an agreement. If I have to stay at QPR and play in the second division, I won't have any problem."
Gustavo added: "I still don't know what will happen, but hopefully my future will be decided as soon as possible so I can prepare better for the next [international] friendlies and the main objective; the World Cup."
Matthias Ginter, meanwhile, is another player who has been linked with a move to the Emirates Stadium although the Freiburg star is adamant that the rumours of a switch to north London have no truth.
He told SID: "I learned about it [the rumour of a move to Arsenal] only in the media. I even heard that I was on a plane to London and had a medical there. There is nothing to this, it is nonsense."