Arsenal could have strengthened their squad further on deadline day but decided to pull out of a loan move for Barcelona striker Malcom.
The Gunners completed the signing of midfielder Denis Suarez from Barcelona on Thursday in a loan move which could be made permanent at the end of the season for £18m.
Suarez's out of favour teammate Malcom was also tipped for a loan move to the Emirates Stadium, having struggled for game time at the Nou Camp since his summer move from Bordeaux.
However, the Sun reports that the size of Malcom's proposed loan fee was beyond what Arsenal were willing to pay, with Tottenham having also baulked at Barcelona's demands earlier in the week.