In the aftermath of Sunday's 8-2 drubbing at Old Trafford, it became quite clear that Arsenal had to make some moves before the close of the summer transfer window if it is to be considered a threat in the Premier League this season.
The Gunners have started that process by landing South Korean captain and striker Park Chu-Young from Monaco to boost their attacking options.
Arsenal is also reportedly on the verge of reinforcing its defense by signing Werder Bremen and German centerback Per Mertesacker and Brazilian fullback Andre Santos, who are both said to have taken physicals with the club.
Here are a few more transfer items from around the soccer world:
HARGREAVES ON VERGE OF JOINING CITY
Owen Hargreaves appears to be on the move from Manchester United, but it doesn't look like that he'll be moving very far. A one-time rumored target of the Vancouver Whitecaps, Hargreaves is reportedly close to signing with Manchester City on a free transfer.
Hargreaves' career has been plagued by injuries, and while he might be fit, he'll have a hard time getting minutes in a crowded City midfield that includes the likes of David Silva, Samir Nasri, Ya Ya Toure, Gareth Barry, James Milner and Adam Johnson.
COLE CLOSES IN ON MOVE TO LILLE
Joe Cole is reportedly set to join reigning French champion Lille on a season-long loan from Liverpool.
Cole has become the odd man out in a suddenly crowded Liverpool midfield, which now boasts the likes of Charlie Adam, Jordan Henderson and Stewart Downing, and he hasn't appeared on the matchday roster for the Reds yet this season.
LUKAKU LOAN TO STOKE FALLS THROUGH
Stoke City appeared ready to bring in Belgian striker Romelu Lukaku on loan from Chelsea, but the move is prohibited from taking place per Premier League rules.
Lukaku joined Chelsea during the current transfer window, and league rules stipulate that a player can't be sent to another top-flight club during the same transfer window in which he is acquired, according to the BBC.
Lukaku made his Chelsea debut over the weekend, coming on as a substitute in the win over Norwich City.
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Do you think those moves will help Arsenal? What do you think about Hargreaves joining Manchester City? What do you think of Cole potentially heading to Ligue 1? Surprised Chelsea was looking to loan out Lukaku?
Share your thoughts below.