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Arsene Wenger's frustration at Arsenal's hectic fixture schedule is only going to worse after Sunday's FA Cup fifth round draw.

The Gunners will host Liverpool in the last 16 - after comfortably defeating Coventry on Friday night - in one of two showpiece ties in the next round.

Before then however, there's some important Premier League business to overcome - starting with tonight's trip to St Mary's to meet Southampton.

Wenger is yet to do any business this month but could leave it till late in the window and here's our guide to all the Arsenal-related transfer news from today's papers.

Tuesday's Arsenal transfer stories from the Daily Mirror

Arsene Wenger has agreed a new deal to remain as manager until 2017.

Chief executive Ivan Gazidis confirmed: “Arsene will be extending with us. And at the right time we will make that announcement."

Young defender Nico Yennaris has left the Emirates Stadium on a permanent deal, joining League One Brentford.

Yennaris, 20, has agreed a two-and-a-half year deal with the Bees, having made four first-team appearances for the Arsenal first team.

Tuesday's Arsenal transfer stories from other newspapers and websites

After signing his new deal, Wenger will be handed a £100m war chest this summer, reports the Daily Star.

The 64-year-old will see his coffers substantially boosted by the club's new kit deal with Puma , and that (supposedly) may see him move for Radamel Falcao - sponsored by Puma - when he recovers from his knee injury .

Former Arsenal midfielder Robert Pires has urged Wenger to do what it takes to ensure Schalke starlet Julian Draxler heads to north London.

(Image: Getty)

The 20-year-old has been heavily-linked with a move to the club , and Pires - a former Footballer of the Year in England - believes he would be a perfect fit for the Gunners.

"Julian is a good player," the Frenchman told SPOX.com . "He's young and has a lot of potential for development.

"When I watch him play, I always think that he fits perfectly with Arsenal's style of football.

"I can see him playing well on the left-hand side or in attack. He could really strengthen the team."

Sports Direct News reckon that Arsenal loan target Mirko Vucinic could be heading to Russia and a reunion with Luciano Spalletti at Zenit St. Petersburg.

Via reports in Italy, it's claimed that the Juventus striker - who played for Spalletti at AS Roma - could make the switch, although Inter Milan are also said to still be keen.

Goal.com reckon that Eintracht Frankfurt full-back Sebastian Jung has been earmarked as a summer signing - if Bacary Sagna leaves.

Jung, 23, is valued at around £7million by his club, and with Carl Jenkinson having yet to prove that he's worthy of a regular first-team place, could arrive, if Sagna decides not to extend his contract.