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Unai Emery says Arsenal could recruit up to two players before the January transfer window closes on Thursday.
The Arsenal boss has previously stated his preference for loan deals in January for players who can improve his squad.
Inter Milan’s Ivan Perisic handed in a transfer request at Inter Milan after Arsenal had a loan offer rejected for the winger, while Barcelona forgotten star Denis Suarez has also been linked.
Emery, who would not be drawn on specific names, said: “This transfer [window] is not easy and the message is the club is working on different players and the possibility if it can be is good for us.
“We are looking at two different players and the possibility they can come. If they aren’t coming to help us like we want, I prefer they don’t come.”