Arsenal reportedly consider a January swap deal involving Viktor Gyökeres and Ivan Toney.

Viktor Gyökeres scored 21 goals in all competitions during his first season at Arsenal, despite currently being behind Kai Havertz in the pecking order.
Ivan Toney has scored 78 goals in 99 appearances for Al-Ahli overall, in addition to his strong start to the current Saudi Pro League season.
Daniel Svensson, 24, has started every game for Borussia Dortmund this season while being deployed at centre-back, left midfield, left-back and right midfield, underscoring the versatility attracting Arsenal’s interest.
Arsenal’s summer recruitment also included permanent and new arrivals such as Bruno Guimaraes, Ezri Konsa, Christos Tzolis, Illan Meslier and Piero Hincapie, while reported pursuits of Morgan Rogers, Vinicius Junior and Julian Alvarez did not materialise.
Arsenal began their Premier League title defence by winning each of their first three matches, providing the broader competitive context for possible January additions.
Arsenal is exploring a January transfer swap that would send striker Viktor Gyökeres to Al-Ahli in exchange for England forward Ivan Toney, according to GiveMeSport. Gyökeres, who joined Arsenal for roughly £64 million last summer, has fallen behind Kai Havertz in the pecking order despite scoring 21 goals in all competitions in his first season.
Toney has thrived in Saudi Arabia with 78 goals in 99 appearances for Al-Ahli overall. No formal negotiations have been confirmed, and Arsenal is also monitoring other targets like Borussia Dortmund's versatile Swedish defender Daniel Svensson, according to Football365.
Gyökeres arrived at Arsenal as a key attacking prospect but has battled for minutes since Kai Havertz established himself as the club's primary striker. NoWArenal reports that Arsenal will only sell the Swedish forward if they can secure a 'top-level replacement' first. Premier League clubs typically avoid selling depth pieces cheaply in January.
The 24-year-old's struggles have sparked speculation about his future at the club. Despite his impressive goal tally last season, limited opportunities this campaign have made him a potential export candidate. GiveMeSport notes his uncertain future comes after a poor run of form.
Ivan Toney has made an impressive impact at Al-Ahli since his move from England. The striker has scored 78 goals in 99 total appearances for the Saudi club. His strong start to the current season has caught Arsenal's attention as a potential replacement for Gyökeres.
A swap deal would allow Arsenal to bring in a proven goal scorer while offloading a player struggling for minutes. Toney's experience at elite level makes him an attractive option for Mikel Arteta's side.
Arsenal is also tracking Borussia Dortmund's Daniel Svensson as a potential addition. The 24-year-old Swede costs between €35 million and €40 million and has started every match for Dortmund this season. Football365 reports he can play centre-back, left midfield, left-back, and right midfield.
Svensson's versatility appeals to Arsenal's recruitment strategy. Manchester United, AC Milan, and Juventus are also reportedly interested in the defender. His ability to fill multiple positions makes him valuable depth for title-chasing sides.
Mikel Arteta is in advanced talks over a new contract extension with Arsenal. CompleteSports reports an agreement could come soon. Arteta's current deal expires at the end of the season, and the club is eager to secure his future.
Arsenal's strong start to the season—winning their first three Premier League matches—has strengthened Arteta's position. Tying him down to fresh terms would signal the club's confidence in their title push.
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