BBC Sport journalist David Ornstein has revealed on Twitter that midfielder Jack Wilshere could be loaned out if the "right club" is found and also that Serge Gnabry could leave on a permanent basis.
England's Wilshere has struggled with injuries in recent seasons and his place in Arsene Wenger's first eleven is not guaranteed, which is why the Frenchman has decided to loan him out.
Gnabry, 21, is a target for a number of teams in the German Bundesliga after an impressive campaign in the summer Olympic Games.
Ornstein has also revealed on Twitter that the Gunners will not sign any more players this summer.
Arsenal have officially announced the signing of striker Lucas Perez earlier today as he became the club's fifth summer signing.
They are expected to also announce the arrival of defender Shkodran Mustafi who will be the club's last summer signing according to Ornstein.
Lucas, 27, has urged the fans to support the team after his transfer was completed, believing that they will have "plenty to celebrate" this season.
"I'd like to say hello to the Arsenal fans and ask them to come out and support us," he told Arsenal.com.
"This is going to be a great season for us all and I'm sure Arsenal will give you plenty to celebrate."