Arsenal boss Arsene Wenger has revealed that the Gunners are still trying to make a late January addition but has ruled out the possibility of Julian Draxler moving to the Emirates Stadium before the end of the transfer window.
The north London side have not added any new faces to the squad this month despite a number of reports claiming the Gunners are on the brink of signing Schalke's talented midfielder Julian Draxler for a fee around £30m.
However, when asked in a press conference whether Arsenal would sign the Germany international before the transfer window shuts at 11pm GMT on Friday, Wenger said: "The Draxler situation has been created by the newspapers, not by me. He will stay at Schalke."
However, the French boss gave some hope to Arsenal supporters by adding that they are still keen to add a midfielder after it was confirmed that Aaron Ramsey will be out for another four to six weeks.
"We are still trying to bring one body in because of Ramsey's setback and Flamini's suspension.
"80 per cent of the activities happen on the last day. I would scrap the winter transfer window with ease," Wenger added.
In addition, Jack Wilshere is still struggling with an ankle injury while Mathieu Flamini will miss Arsenal's next three fixtures against Crystal Palace, Liverpool and Manchester United following his red card against Southampton.
"From the Southampton game Flamini is of course out but we have Rosicky back in the squad," Wenger said.
After their latest draw against Mauricio Pochettino's side the Gunners surrendered top spot to Manchester City and Wenger is desperately looking to strengthen his squad to increase the Gunners' chances of securing their first Premier League crown in 10 years.