Andrey Arshavin
Arshavin is out of favour with Arsenal fans.

All appears quiet on the Arsenal front at the moment, but the side are reportedly considering a double exit today which could in turn fund a shock bid for Newcastle target Andrian Mariappa.

Yesterday reports speculated that the Gunners might be willing to make an improved £2 million bid for Mariappa, higher than the Toon were willing to pay for the centreback.

But according to the Daily Telegraph, a deal today will hinge on whether Wenger is able to find an outgoing club for left back Sebastien Squillaci, who has made just five appearances for the side this season - with just one of those being a league game.

Squillaci was connected with a possible exit from Arsenal at the end of last year, along with Andrey Arshavin and Marouane Chamakh. While Chamakh has since insisted he is happy at the Emirates, and isn't looking for a move away in this transfer window at least, Squillaci and Arshavin could both be last minute exits as Wenger recoups funds for a possible bid for Mariappa.

The Gunners have already signed Borussia Dortmund youngster Thomas Eisfeld today, but if they can outbid Newcastle for Mariappa, they could have another addition to the squad before 11pm.

Newcastle admitted today that they have made another bid for the Watford star, with Alan Pardew telling reporters: "We have made our last bid now and it's a final bid so if he doesn't come today then he probably won't come to this football club because in the summer we will probably look elsewhere."

Meanwhile, Arsenal are also reportedly looking to offload Arshavin to Russian club, according to the Daily Mirror.

Arshavin had fallen out of favour with Arsenal fans this season, and with his form continuing to decline, Wenger has been left with no choice but to allow the 30 year old, who has 18 months left on his contract, to speak to other clubs in the hopes of coming to an agreement.