Arsenal have completed the signing of 22-year-old Italian defender Riccardo Calafiori from Bologna for approximately £42 million. Calafiori, who impressed at Euro 2024, has signed a five-year contract and joined the team on their pre-season tour in the United States. This strategic acquisition aims to bolster Arsenal's defense as they push for major trophies in the upcoming season. Emile Smith Rowe is set to leave Arsenal, with a transfer to Fulham for an initial £27 million, potentially rising to £34 million with add-ons. Smith Rowe's departure will provide Arsenal with additional funds for further signings. Arsenal’s transfer activities are expected to continue, with the club also eyeing midfielder Mikel Merino from Real Sociedad.