8.15am Arsenal transfer news LIVE: Mustafi to Monaco post liked by Aubameyang, Emery demands £27.5m fee for German, Pepe LATEST

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ARSENAL will not be in high spirits after their 2-1 defeat to Lyon on their home turf, especially with Alexandre Lacazette picking up an ankle injury.

But there appears to be better news on the transfer front as Nicolas Pepe and Kieran Tierney look close to signing for the Gunners – and Mustafi potentially on his way out.

Follow ALL of the latest Arsenal news and gossip below…

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