However, signing Williams would have required a significant financial commitment, with a £50million release clause that would need to be paid upfront. Despite multiple discussions with Williams and his representatives, there was a lack of conviction about his desire to join the team.

As a result, Arsenal decided to move on from pursuing Williams in May. The main concerns were his loyalty to Athletic Club and his perceived desire to join Barcelona, which could have hindered their transfer approach. Now, as Williams has signed a new 10-year contract with Bilbao, the Gunners feel vindicated.

Barcelona will need to find alternative options, with Luis Diaz and Marcus Rashford potentially joining their list. Meanwhile, Arsenal officials were not surprised by Williams' decision to stay with Athletic Club, as they had always wondered if he was truly prepared to leave.

The Gunners are already moving forward with other transfer plans. Martin Zubimendi's announcement is imminent, and talks continue with Cristhian Mosquera from Valencia. Additionally, Arsenal are encouraged that Rodrygo is ready to discuss a potential move after the Club World Cup.

Eberechi Eze is another player who could join the team, having expressed his desire to play for Arsenal. The club has been exploring the possibility of signing him before his release clause expires. Chelsea's Noni Madueke has also been considered as an option.

The striker situation is ongoing, with Arsenal looking to sign a new number nine before the new season opener against Manchester United. Benjamin Sesko was a target, but negotiations with RB Leipzig have been complex. Alternatively, Viktor Gyokeres has been seen as a great signing, while the prospect of signing a player from the Premier League, such as Alexander Isak or Ollie Watkins, has also been considered.

It seems like something special is about to happen for Arsenal in this transfer window, and it's possible that not pursuing Williams has been a blessing in disguise.