Zlatan Ibrahimovic moved from Juventus to Italian rivals Inter Milan for $31.95 million.
The Franch striker became the first player to be named England's Footballer of the Year in successive seasons.
'We want to keep our Highbury strength because we know it is vital for us to be successful at the end of the season,' added the Arsenal manager.\n\n
Inter Milan moved eight points clear in Italy after a 1-0 win over strugglers Empoli.
Manchester City defender Kolo Toure said he left Arsenal because of the team's failure to replace their best players.
Inter Milan moved within touching distance of retaining their Serie A title after a fluke own goal from Udinese's Mauricio Isla sealed a 1-0 win on Sunday.
The midfielder will captain France in an international friendly against Ivory Coast on August 17.
Arsenal produced a scintillating display of attacking football to crush Crystal Palace 5-1.
The Portuguese winger rallied Manchester United to a thrilling 4-2 victory over champions Arsenal in the English Premier League.
Arsenal will tackle arch-rivals Manchester United in their search for a 50th successive Premier League match without defeat.
The pair -- captain Patrick Vieira and defender Lauren according to media reports -- had to be separated by team mates.
The 34-year-old midfielder and a few other ageing players from the team's triumphs at the 1998 World Cup and 2000 European championship will retire after the finals in Germany and would love to do so on a high note
Patrick Vieira, Ray Parlour, Lauren and Martin Keown are all unavailable to the manager for a game against Birmingham City.
Arsenal, as a club, have been charged with misconduct.
Title holders France survivved a scare from Colombia before winning their opening match in the Confederations Cup.
PSV Eindhoven qualified for the Champions League knockout stage for the first time after a draw against a 9-man Arsenal team.
Some of the best midfielders in the world will cross swords when the two teams meet on Sunday.
No less than nine French players play in the English premier league and many will be in direct opposition to club team mates.
Arsenal are prepared to make Thierry Henry the highest-paid player in the history of the club to keep the Frenchman at Highbury
The defending champions will also be without Zidane's Real Madrid team mate Claude Makelele for the Confederation's Cup.
I know what I'm worth as a footballer and it's clear that I'm not worth 38 million euros, said Michael Essien on his transfer to Chelsea
Arsenal won the FA Cup for the 10th time on Saturday when they beat arch-rivals Manchester United 5-4 on penalties.
The English Premier League champions won 1-0 at Newcastle United through a superbly struck volley by skipper Patrick Vieira.
A 2-2 with local rivals Tottenham Hotspur secured them the title with four games to spare.\n\n
Zlatan Ibrahimovic scored a dubious penalty as 10-man Inter Milan beat second-from-bottom Empoli 1-0 on Sunday to pull eight points clear at the top of Serie A.
Saka double against Palace sends Arsenal eight points clear
Arsenal's Laurent Koscielny is the best defender in the Premier League, according to former England and Manchester United centre-back Rio Ferdinand. Ferdinand also praised the Gunners backline in Wednesday's impressive 3-0 Champions League win over Greek champions Olympiakos Piraeus, which sealed their progress to the knockout stages for a 16th consecutive year.
Liverpool dominated the opening half but it was Zaha who broke the deadlock
Former Arsenal, Spain midfielder Fabregas hangs up his boots, to coach Italian club.
Premier League rejected Chelsea request to postpone Wolves game, says Tuchel.
Substitute Alexandre Lacazette struck with the last kick of the game to give Arsenal a rollercoaster 2-2 home draw with Crystal Palace in the Premier League on Monday after the visitors had fought back from a goal down.
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