The transfer window may have slammed firmly shut until the summer but that has not stopped the rumour mill turning at Arsenal.
However, most of the talk has been about manager Arsene Wenger and whether or not he will still be in charge next season.
The smart money seems to be on the Frenchman leaving and, unless the Gunners can pull off a miracle in the second leg of their Champions League last-16 clash with Bayern Munich, he may have no choice.
The fans have become disillusioned with mediocrity at the north London club and an unwillingness to bring in world-class names.
One superstar who did arrive is Alexis Sanchez but the Chile international has been linked with a summer exit.
At 28, he is still at the peak of his powers and could command a first-team place in most top European clubs, and Arsenal may have to work extremely hard in the summer to keep him on their books.
Mesut Ozil is a player who has flattered to deceive this season and another who might be on his way at the end of the campaign.
The Germany international appears to drift in and out of games and is as likely to be ineffective as he is to create a goal with a precision pass or match-winning piece of skill.
The fans have not turned on him yet but how much patience will they show?
One man who has had to show patience is forward Lucas Perez, who has made only six top-flight appearances since making the move from Deportivo La Coruna last summer.
The 28-year-old has scored six goals from 15 outings in all competitions but is not a first-team regular and may have his sights set on a future in Milan.
The Spaniard is clearly not in Wenger’s plans but would he feature more if a new coach is at the helm next term?
Another player rumoured to be on the radar of other clubs is England international Alex Oxlade-Chamberlain.
The former Southampton man seems to have been around for ever but is still only 23 years of age and has most of his career ahead of him.
He has never been a regular fixture in the Arsenal side and it remains to be seen whether the talented youngster wants to try his luck elsewhere.
The Portsmouth-born ace has been on top form in recent months despite the team’s struggles but rumours suggest Everton and Manchester City could battle for his signature in the off-season.
Arsenal are 10 points off table-topping Chelsea with 13 games to go and even punters looking for the best matched bet promotions might struggle to find a reason to back them to lift the trophy in May.
The news that Santi Cazorla is now out for the rest of the season will do nothing to lift the mood around the Emirates Stadium and it may well be down to the FA Cup to give the Gunners’ faithful a much-needed boost.
They next face minnows Lincoln City in the quarter-finals and, if Wenger is to lift one more trophy during his time in the capital, it will surely have to come in the world’s oldest cup competition.