Transfer rumours - Wenger speaking to Julian Draxler, Bayern want Luiz, Di Maria to snub Man United and Arsenal

Draxler could be on his way to Arsenal. Photo: PA

It was another wonderful weekend for Arsenal supporters, who will be pleased to hear some exciting transfer news this morning.

Former Norway international Jan Age Fjortoft believes Arsenal are 'big favourites' to sign Schalke's highly rated German international, Julian Draxler (Express)

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BREAKING NEWS! I understand Arsenal are big favourite to get Schalke's Wonderkid Julian Draxler. I understand Wenger talk to him often #afc

Bayern Munich have entered the race to sign Chelsea's David Luiz after reports last week that Jose Mourinho is willing to consider offers for the Brazilian in January (A Bola)

Everton have been searching for winter bargains in England's fourth tier, with highly rated Wycombe defender Kortney Hause top of their list (Sky Sports)

Angel Di Maria is preparing to snub Man United and Arsenal's advances in favour of a lucrative move to Monaco (talkSPORT)

And finally, Monaco insist Radamel Falcao will not be leaving in January despite persistent rumours suggesting otherwise (ESPN)