Arsenal has been involved in their fair share of transfer sagas this summer with the club having been linked with numerous players throughout Europe.
So far, The Gunners have failed to sign any of their intended targets and the barren streak looks set to continue with latest target Luis Gustavo looking increasingly likely to stay in Germany.
But the Brazilian won’t be staying at Bayern as reports from several German newspapers have revealed that the defensive midfielder is about to complete a €15m move to Wolfsburg in the coming days.
The stories come just hours before Gustavo is set to make a public announcement about his plans for the coming season and whether he was indeed leaving Bayern Munich in the next few days.
If Gustavo was to choose Wolfsburg, then it would be a particularly damaging blow to Arsenal who had been strong favourites to sign the player instead.
After all, Gustavo had been quoted earlier in the week stating how much he admired Arsenal and the work Arsene Wenger had done at the club making a move to the Emirates seem very much on the cards.
Not only that, but Arsenal also have the added bonus of playing in the Champions League whilst 2010 Bundesliga Champions Wolfsburg failed to even qualify for Europe last season.
Gustavo has revealed that he is keen to leave the Allianz Arena in a bid to secure a place in the Brazil squad for the upcoming World Cup in his home country next year.
With Brazil coach Luiz Felipe Scolari openly stating that players will need to be regularly playing first team football in order to secure their place, the defensive midfielder has sought a move to a new club after looking to be out of the picture following the arrival of Pep Guardiola to Bayern Munich.
If Arsenal were to lose out on Luis Gustavo, it will heap yet more pressure on Arsene Wenger to make a signing after failing to lure any of his major targets to the club.
The Gunners had been in discussions to sign numerous big names such as Gonzalo Higuain, Marouane Fellaini and Luis Suarez but have failed to sign any of them during the summer window.
Arsenal fans will now be hoping that the German speculation is indeed just speculation otherwise the club could face having its most embarrassing snub yet this season.