What the papers say: Chairman believes Champions League exit won't hurt Arsenal

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The SunWenger refuses to spend (again)
ARSENE WENGER is ready to gamble by signing NO new stars during the transfer window. Once again the Arsenal chief will anger fans by trying to weather a difficult period without splashing the cash.

The Daily MirrorEXCLUSIVE: Lazio plan £6m Arshavin swoop
Arsenal's Andrey Arshavin is a cut-price £6million January target for Lazio. The Italian giants are ready to move in and present the Gunners with a dilemma over whether they should cut their losses and sell Arshavin, who has 18 months left on his contract.

The Daily Mail - Liverpool and Arsenal on alert as Dann seeks urgent talks with Kean over Blackburn future
Scott Dann could be the next high-profile defender to demand to leave Blackburn following Chris Samba's transfer request.

The Daily Express - ANDREY ARSHAVIN FAIRYTALE OVER NOW
ARSENE WENGER and his Arsenal squad have finally lost patience with lazy flop Andrey Arshavin.

The Daily Star - PETER HILL-WOOD: EXIT WON'T HURT ARSENAL
ARSENAL missing out on the Champions League would not be a disaster, chairman Peter Hill-Wood insisted last night.

The GuardianRobin van Persie unlikely to show blind loyalty to trophyless Arsenal
The Dutch striker may start to wonder if he would be better off at Barcelona if the Gunners cannot satisfy his ambition

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