Arsenal hope to sell Lucas Torreira and Sead Kolasinac in the coming days.
The London Evening Standard says Arsenal are hoping to offload the pair in the next few days in a bid to fund a move for Houssem Aouar.
The Lyon star has become the top priority going into the final hours of the transfer window.
Thomas Partey was the No. 1 target but Atletico Madrid are not budging from their valuation and Mikel Arteta is running out of time.
The Gunners have been active in the transfer market but they have not shifted players in time.
Several stars have been mooted for exits but the club will now concentrate on getting Torreria and Kolasinac out.