Arsenal transfer rumours: Emile Smith-Rowe move,Thomas Partey update, £70m transfer setback

Emile Smith Rowe has impressed on loan at Huddersfield Town. (Photo by John Early/Getty Images)

Arsenal's left their hopes of securing Champions League football next season hanging by a thread after being dumped out of the Europa League by Olympiacos on Thursday evening.

Holding a one-goal lead from the first-leg, the Gunners looked in a prime position to get the job done and seal their passage to the round-of-16.

But the Gunners were left stunned by their Greek opponents, who netted a 119th minute winner to win 2-1 on the night and progress on the away-goals rule after the overall tie ended 2-2.

Even in late February the rumour mill is starting to heat up ahead of the end of the season, and with that in mind, here is a round-up of the day's very latest Arsenal transfer news.