According to The Bolton News, Manchester City have emerged as the favorites to sign Bolton defender Gary Cahill, who has been linked with Arsenal.

It is reported that Man City were willing to offer Nedum Onuoha, Dedryck Boyata, Craig Bellamy, or Shaun Wright-Phillips in their offer.

According to the Guardian, Arsenal are prepared to have a busy summer transfer window with a few players leaving and several new faces joining the club. Chief executive Ivan Gazidis said,

"Coming off the end of the season, I share with you a sense of profound disappointment.

UPDATE: According to Arsenal's official website, Arsenal will discuss a new deal with Samir Nasri during the summer. Manager Arsene Wenger said,

"We'll sort that out during the summer ... We have met his agent already but we'll finish the job in the summer.

According to ESPN Soccernet, Arsenal footballer Andrei Arshavin has drawn interest from Juventus. His agent Dennis Lachter told lifesports.ru,

"There's a possibility of Andrei's move to Juventus ... But there are two things that can prevent this deal .

According to Arsenal's official website, Arsenal manager Arsene Wenger has made little progress in the signing of a central defender Wenger said,

"No, it is still nowhere ... We get many offers but, at the moment, nothing concrete ... I cannot tell you [about the type of player] at the moment because it has to click in my head and nothing has happened yet.

Arsene Wenger is no longer hiding his interest in the Southampton teenager Alex Chamberlain, which may be pushing Andrey Arshavin right out of the Emirates door. All signs point to the 17-year-old winger making a move to Arsenal for around £10m this week, as the U-18 international has apparently decided to snub the Manchester City jersey and Newcastle United for a move to the Gunners.

According to the Telegraph, Arsenal are expected to hold contract talks with midfielder Samir Nasri and defender Gael Clichy during the summer. Wenger said,

"We are talking to Nasri and his agent already and we have the same situation with Clichy .

According to Rob Beasley at The Sun, Arsenal midfielder Denilson admitted that he will be leaving Arsenal this summer due to the frustration of a lack of silverware. Denilson said,

"There's something missing at Arsenal but no one knows what it is.

According to Arsenal's official website, Arsenal manager Arsene Wenger does not appear likely to buy anybody this month. Wenger said,

"I haven't ruled out signings ... "If I have an outstanding opportunity, maybe I will take it ... I do not want to sit here and say we won't, then people can come back and say ‘but you said you wouldn't sign anyone'.

UPDATE: According to Marc Iles at The Bolton News, Bolton are still looking to sign Carlos Vela on loan. Manager Owen Coyle said,

"It's not rocket science to know that there are only a few days left of the window .

According to John Cross at MirrorFootball, Arsenal manager Arsene Wenger may be forced to make a move in the transfer market due to injuries to his defenders. Defender Sebastian Squillaci hurt his hamstring in yesterdays match against Leeds United and Thomas Vermaelen supposedly had a setback in his return from injury.

According to ESPN Soccernet, Arsenal manager Arsene Wenger has ruled out selling any players this month. When asked if anybody would leave the club, Wenger said,

"No, not at the moment ... At the moment no because we have so many games in front of us that we want everybody to be here and available.

According to Arsenal's official website, Arsenal have sent 20-year-old footballer Jay-Emmanuel Thomas on loan to Cardiff for the rest of the season.

According to Blackburn's official website, Blackburn have signed Schalke 04 midfielder Jermaine Jones on loan for the rest of the season.

UPDATE: According to Arsenal's official website, West Bromwich have agreed to sign Arsenal striker Carlos Vela on loan.

January 26th, 2011: According to Chris Lepkowski at the Birmingham Mail, West Bromwich are looking to sign Arsenal striker Carlos Vela on loan.

According to The Guardian, Arsenal striker Nicklas Bendtner is currently unhappy with his playing time and admitted that he might leave if it does not improve. Bendtner said,

"I have a lot of feelings for Arsenal and it means something great to me .

According to ESPN Soccernet, Real Madrid have denied the rumor that they have made an offer for Arsenal midfielder Cesc Faabregas. Director general Jorge Valdano told Canal+,

"We never made an offer for him [Fabregas] and we haven't spoken with Arsenal either .

According to ESPN Soccernet, Arsenal midfielder Samir Nasri will not have contract talks with the club until after the season. Nasri told Sport,

"We promised each other to speak about this subject after the season ends ... One of the reasons I came to Arsenal was to win titles and I'm not expecting to leave without one .

According to the Independent, Arsenal manager Arsene Wenger is going to seek permission from the Premier League to sign a goalkeeper as his options are growing thin due to injuries. Wenger said,

"We need now an experienced goalkeeper as cover for Almunia because Mannone is out for six weeks so we cannot call on him .

According to Francisco Acedo at Sky Sports News, Barcelona will not make an increased bid for Arsenal midfielder Cesc Fabregas next summer. Barcelona president Sandro Rosell told Sport,

"Barca is not disposed to pay €50million (£43.

According to the Telegraph, Stan Kroenke has taken controlling stake in Arsenal (62.89%) and has agreed to purchase the remaining shares at £11,750 a share. Kroenke said,

"We are excited about the opportunity to increase our involvement with and commitment to Arsenal.

According to the Telegraph, Birmingham goalkeeper Ben Foster is currently happy at the club despite interest from Arsenal and Tottenham. Foster said,

"I've loved every minute of this season. The dressing room here and the spirit is fantastic and I wouldn't want to leave that .

According to James Robson at the Manchester Evening News, Manchester City goalkeeper Shay Given is unsure about his future with the club, putting many teams like Arsenal, Tottenham, and QPR all on alert. The 35-year-old goalkeeper said,

"It's not ideal because I don't feel much sharp sometimes when I'm playing for Ireland .

According to David Hytner at the Guardian, Arsenal boss Arsene Wenger is prepared to sell midfielder Andrei Arshavin to raise funds this summer. It is reported that Arsenal will look to recoup most of the £15million that they spent on the 29-year-old.