Unai Emery had a much quieter window in January than he did in the summer.
Emery was limited to just loan signings for Arsenal last month and Denis Suarez was the only incoming in that respect.
On the outgoing front, it was rather quiet too. Just Emiliano Martinez left on loan to Reading, with Emery clearly keen to take more of a look at some of his current players.
With that being said, here are two players who must surely be disappointed to not move on in the window…
There were not any concrete rumours surrounding Ozil over January, despite only playing twice in all competitions in that month.
The situation from the outside seems rather confusing as other options are often preferred to the German, then the next game he can be captain, using the wins against Chelsea and Cardiff City as examples.
If he fails to get much game time between now and the end of the season, he must surely be disappointed to not move on in January.
This is more so from a loan perspective. Nketiah has now made five first-team appearances this season for Arsenal and, despite not scoring, he has looked bright and made troublesome runs in his opportunities.
The 19-year-old has now been on the bench on a dozen occasions now in the Premier League, amounting just one minute of League football in that time.
If the promising youngster does not make many more appearances before the end of the season, he could be frustrated that a loan opportunity did not arise in January.