During the early days of the transfer window, two names were being mentioned as top targets for Arsenal – Rodrygo and Eberechi Eze.
As it stands, with the Premier League season having started, neither is an Arsenal player. And it is increasingly looking like they will end up at Manchester City and Tottenham, respectively.
So just why have Arsenal not secured either man?
Signings contingent on exits
Both the signings of Rodrygo and Eze were always contingent on players departing.
The talk around Eze came out around the same time as contract negotiations with Ethan Nwaneri were stalling. It has now been talked about that Eze was being lined if as a replacement for Nwaneri, if a deal for the young Englishman could not get over the line.
Arsenal would have expected an offer in the region of £60-80m if Nwaneri went on the market. That would have paid for Eze with change left over – and Nwaneri departing would have been pure profit.
In the end, Nwaneri stayed, which meant Eze was no longer an important target – Nwaneri will step up to be Martin Odegaard’s cover, which is the role Eze was being pencilled in for.
As for Rodrygo, his recruitment was always dependent on either Gabriel Martinelli or Leandro Trossard leaving.
A new contract has been on the table for Trossard all summer, indicating that the early preference was for Martinelli to depart. That would have seen Rodrygo step in for Martinelli as first-choice left winger, backed up by Trossard on his new deal (his current deal expires in 12-months).
As it was, no significant offers came in for Martinelli, although there was plenty of interest, and Trossard is yet to sign his new deal. That means there is no space for Rodrygo on that left hand side.
With Trossard not signing the new contract, it is more likely now that that the Belgium winger will depart rather than Martinelli. That could result in Arsenal going back in for Eze, who would then become Martinelli’s cover and competition on the left (although it is not Eze’s natural position), and the Englishman also replacing Trossard as a more central option.
With the money Martinelli is on, having the Brazilian play back up to Rodrygo would not make sense, especially taking into account the eye-watering numbers for the Real Madrid player.
As it stands, it is likely that Martinelli will be given another year to show he can step up, and Arsenal will look to recruit if Trossard departs.
Rodrygo financial numbers
Arsenal could not get the Rodrygo deal to work without Martinelli departing.
The deal to Manchester City is reportedly in the region of £86million, with Rodrygo demanding a salary in the region of £350k a week. That is huge numbers for a forward who scored just 6 La Liga goals last year.
Martinelli is reportedly on £180k a week, and Arsenal would have hoped to have sold him for a fee in the region of £80m (to Saudi or Europe). This fee is not unrealistic when you consider what the likes of Jamie Gittens, Bryan Mbeumo and Matheus Cunha have gone for.
Had Martinelli departed, it would have freed up the money to pay for Rodrgyo and around 50% of his wages. Without his departure, we could not make the deal work, considering what we have already spent.
We should not have signed Noni Madueke
Taking into account the primary reason that we stepped away from Rodrygo is financial, a lot of fans will point to the recruitment of Madueke and say we should have used his money to finance a transfer for the Brazilian.
This ignores the fact that over the last 2-3 years, we have been crying out for quality cover for Bukayo Saka. And Nwaneri is not that man.
Expecting Nwaneri to be the cover for both Saka and Odegaard was not a solution. It would have been a huge burden on an 18-year-old. Instead, Mikel Arteta and the team decided to go out for Madueke – a Premier League proven right winger who can come in for Saka without us needing to change the set-up.
Put simply, we had two left wingers (Martinelli and Trossard) and only one right winger (Saka). So getting Saka’s cover was a higher priority than signing a 3rd left winger.
There is an argument that had we signed Rodrygo, either he, Trossard or Martinelli could cover Saka on the right. But these are all right footed players so would not have been “like for like”. If a player picks up an injury, you want to replace him with a similar player to avoid changing the system.
Madueke also provides us with a left footed option on the left if we do want to change up how we are playing. His recruitment will allow Arteta to be more tactically fluid in attack.
Some will argue (again), that Saka could have switched over to the left. But on the elft side Saka would be blunted as he does not have it in his game to rip past the full back on the outside and put in cross after cross. He is an average left winger, a world class right winger.
Not signing Madueke (or another left footed right winger) was simply not an option.
The future?
As it stands, I would be surprised if we sign either or Rodrygo. But things change quickly in football.
If over the next 7-days, Trossard departs, I think we will go back in for Eze. He will then be the cover and competition for Martinelli, whilst as above replacing Trossard as an option more centrally. This would however be heavily reliant on Trossard departing and Eze still being available.
There is some talk about how we might “do an Odegaard” with Rodrygo and bring him in on loan. We would cover his wages for the season, and have an option to buy in 2026, thus pushing the expenditure down the road a year when we are likely to need fewer new recruits than this year.
Personally, I can not see this happening. Especially if Trossard does not depart. However, if a move to Manchester City does not materilise and Rodrygo wants a way out of Madrid, it could be one to keep an eye on.
Whilst this might all be frustrating for Arsenal fans, it has to be remembered that we have Martinelli, Trossard, Fabio Vieira and Reiss Nelson. We are not Manchester City where we can just dump players and easily finance another £50-80m player. And we also need to take into account squad sizes.
As it stands, we have 17 non-homegrown players in the squad. So if no one departs, someone will have to remain unregistered.
We also have a further 9 home-grown players (excluding MLS and Nwaneri who do not need to be registered). That takes us to 26 senior players.
The result is, if we sign someone without selling, we have 2 players too many and will need to leave a couple unregistered. That is not an option.
Over the next week, Andrea Berta and his team will continue working on exits for the likes of Karl Hein, Oleksander Zinchenko, Albert Sambi Lokonga, Reiss Nelson and Fabio Vieira. Once we see a couple of them depart, alongside Trossard, then we may see some movement for a new left winger.
Until our squad is trimmed a little bit, we will not see anyone else come in.
My view is that the left wing was never a priority. That Arsenal are ready to miss out on both Eze and Rodrygo if they can not secure transfers away for either Trossard or Martinelli. And that they are happy with the pair as options on the left, supported by Madueke.
I have always felt that those names mentioned to come in ahead of Martinelli were “shiny new toy syndrome”. Huge money signings for players not much better than our Gabi. And I think Arsenal’s hierarchy feel the same. And that result was a big name (Rodrygo) would only have come in if Martinelli departed.
Keenos