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After getting knocked out of the FA Cup on Friday to Premier League rivals Manchester United, the Gunners made a signing on Saturday.
Sam Greenwood – who also turned 17 on Saturday – signed his first professional contract with the club.
The England youth international joined the Gunners from Sunderland last summer and has scored six goals in 12 league games for the U-18s this season.
Inter Milan boss Luciano Spalletti has opened the door for Ivan Perisic to leave the San Siro this month.
The 29-year-old winger has emerged as a shock target for Arsenal, who want to bring him to the Emirates on an initial loan deal.
Spalletti said of the Croatian: “Perisic is a very good player, of course there's rumours about him during the transfer window.
“If a player is good, it's obvious that every club would want him. Of course, then the figures must be adequate for things to go through.
“He knows his job and he also knows that we expect him to keep working just like he has done so far.”
However there are reports claiming that Inter will not entertain a swap seal involving Mesut Ozil.
Ozil has fallen out of favour under Unai Emery, and could be moved on by the club despite agreeing a new deal last year.
In other transfer news, the Gunners have held 'low level' talks with James Rodriguez, according to Bleacher Report.
Unai Emery is said to be interested in the Colombian but there is one massive stumbling block: Mesut Ozil.
Arsenal would not be able to afford wages for both of the stars so unless Ozil leaves the club soon, James Rodriguez will not be arriving.
In the Women's Super League, Arsenal are back in action against Reading at the Adams Stadium.
The Gunners were knocked off the top of the table before the international break after their 2-1 defeat to Chelsea and will be wanting to reclaim the top spot.
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