All the latest Arsenal transfer news and rumours from across the British and European press on Wednesday, January 3.
Arsene Wenger has opened the door to selling Alexis Sanchez this month if Arsenal can buy a replacement, according to the Daily Mirror.
It is reported that Arsenal would be willing to listen to offers in excess of £25m for the Chilean, whose contract runs out in the summer.
Manchester City and PSG are thought to be keen, with Jack Wilshere likely to sign a new contract and Mesut Ozil reportedly wanting to see out his deal until the summer.
Sporting Lisbon president Bruno de Carvalho insists reported Arsenal and West Ham target William Carvalho is not for sale in January.
The 25-year-old midfielder was close to a move to the Hammers in the summer, but Sporting are standing firm this month.
De Carvalho told Portuguese newspaper Record: "Forget it. He is not transferable in January."
Fenerbahce could be to set to offer Olivier Giroud a way out of Arsenal this month, according to Turkish newspaper Fanatik.
The Frenchman, who was linked with Everton and West Ham in the summer, has found first-team opportunities limited this season.
Fenerbahce currently have Robin van Persie, Roberto Soldado and Vincent Janssen on their books.
Arsenal striker Stephy Mavididi is poised to join Charlton on loan, according to ESPN FC.
The 19-year-old was on loan at Preston for the first half of the season, making 11 appearances.