So the summer transfer window is finally over. After months of agony, frustration, despair and in some case anger, we finally have our new signings confirmed.

On the 1st July, we recruited Yaya Sanogo on a free from Auxerre, although reportedly it cost us about £400,000 in compensation.

Then, with only 4 days of the transfer window left and with Arsenal fans crying out for a big name signing (or even a “medium name” signing) we confirmed the deal of Mathieu Flamini on a Bosman. While it was a useful signing given his versatility and ability to play in midfield or at fullback, it didn’t excite all the Arsenal fans.

We are a very good team and the Premier League doesn’t lie. We’ve finished in the Top 4 for the last 16 seasons and that’s where we deserve to be, but unfortunately we haven’t manage to break into the Top 2 for the last 8 years. So that is a problem, a frustration if you like, we’ve suffered as a club recently.

You will remember the massive fall out when we lost 3-1 at home to Aston Villa on the opening day of the season. The aftermath was vicious to say the least and every Arsenal fan was angry.

We were paying the highest season ticket prices in the country and not getting a team that could compete. We reportedly had £180 million in cash reserves and spent absolutely nothing.

And then onto transfer deadline day. Arsene teased the media and the fans after we beat Tottenham in the North London Derby, saying he may have “a good surprise” for us all. Even though we had shown little ability to close a deal or complete a signing (I don’t need to mention Gonzalo Higuain or Luis Suarez) I still had that faint hope we would make a signing or two that would get us to the next level.

In the early hours of last night, there were rumours that Arsenal were in for three Real Madrid players – Karim Benzema, Angel Di Maria and Mesus Özil. We were also linked to Demba Ba.

But in the end, Arsene finally opened his cheque book, dusted off the cobwebs and spent big. And this afternoon, it was confirmed that Arsenal had struck a deal with Real Madrid and agreed a £42.4 million fee. Then later tonight, Arsenal.com was finally worth visiting as they confirmed the deal has been completed.

Arsene Wenger said:

“We are extremely pleased to have signed Mesut Ozil. He is a great player, with proven quality at both club and international level. We have watched and admired him for some time as he has all the attributes I look for in an Arsenal player.

“I have said throughout the summer that we have been working hard to bring in top quality players to this football club. This has involved many many people across the club and I have always had the full support of the club in making decisions on the football side.”

And there is no doubt he is a top top player. He is an exciting signing and will join fellow internationals Per Mertesacker and Lukas Podolski. His assists record for Real Madrid in 3 seasons is outstanding with 74 assists. If you watch the video below, you will see how class he actually is. A midfield consisting of either him, Cazorla, Wilshere, Rosicky and Ramsey is something to get excited about.

http://www.youtube.com/watch?v=4Oqy2VDtUSo

We also completed a loan deal signing of Emiliano Viviano who looks like Manuel Almunia’s twin brother. Let’s hope the similarities end there and he doesn’t make mistakes like the former Arsenal goalkeeper.

So that’s it, it’s all over. We can sleep at a reasonable hour, and not check our phones or computers constantly to see if we’ve actually bought anyone. Our new signings consist of Yaya Sanogo, Mathieu Flamini, Emiliano Viviano and Mesut Özil. There’s no doubt who the marquee signing and the others will be useful squad players.

But how did we do this summer? Have we done enough to take our team to the next level?

After the euphoria of Mesut Özil joining, then you would have to say we haven’t done enough. We’ve addressed the goalkeeping situation (in one way) and given Szczesny some competition. But could we have done with another defender? We have Sagna and Jenkinson at right back, Gibbs and Monreal at left back, and three decent central defenders in Mertesacker, Koscielny and Vermaelen. So numbers-wise, it isn’t a disaster, and obviously that’s how Wenger feels. Added to the fact that Sagna can fill in at centre back then Arsene must feel we are strong enough in defence.

In midfield, we now have Mathieu Flamini, Santi Cazorla, Tomas Rosicky, Aaron Ramsey, Jack Wilshere and Mikel Arteta. That’s 6 players for 3 spaces. We have Theo Walcott and Mesut Özil who can play in a more advanced position alongside the striker and we have Olivier Giroud and Lukas Podolski who can play up top.

For me, if I was being picky (and I am) then I would have liked to see another striker brought in. Demba Ba probably would have been the right call as he is decent enough and if we get an injury to Olivier Giroud then we are in big trouble with Podolski out for the next 10 weeks.

Theo “could” fill in that position but it’s not ideal. Then there is the argument that it wasn’t cover we needed up front but a world class striker. Some are still unconvinced about Giroud and I am still on the fence. He is in excellent form and playing well but I can’t help thinking how good we would be if we had a truly world class finisher.

So overall?

I am pleased with the Özil signing – you can’t not be after bringing in a world class player – but time will tell if the 4 signings we’ve made are enough to mount a real challenge for major trophies.

Sky Sports News have reported just now that Chelsea have confirmed that both Arsenal and Tottenham Hotspur made enquiries for striker Demba Ba, but they have rejected both London clubs and accepted an offer from another unnamed Premier League club.

But Ba’s representatives did say that his preference was to play in the Champions League.

So what does this mean? Should Arsenal look elsewhere? Are Chelsea concerned about the threat from Arsenal in the Premier League and are they reluctant to strengthen another Premier League rival?

More to follow.

BBC Sport reports that Arsenal have agreed at £42.4 million fee (50 million euros) for German international Mesut Ozil.

And their sources say that Ozil is undergoing a medial in Germany as he is currently away on international duty.

So what do you think of this signing?

Personally, I think it is a massive signing. As we proved yesterday, we have a very good starting eleven, but to really kick on and go up that extra level, we need world class reinforcements. And Mesut Ozil is world class.

Statistically, the man is scary. In 3 seasons with the club, he has racked up an amazing 74 assists. That is just crazy. And I don’t care what your opinion is of him, that will make Arsenal a bigger force than they are now.

If you weren’t excited enough about his arrival, then watch this:

http://www.youtube.com/watch?v=4Oqy2VDtUSo

One thing I will say from watching this video is that I bet Cristiano Ronaldo will be sorry Ozil is leaving.

They say patience is a virtue and that certainly applies to Arsenal fans. The early signs are extremely encouraging but we still need to make some more signings to strengthen the squad if we want to be considered as true title challengers.

Sky Sports News have reported that Arsenal are “in advanced talks” with Real Madrid to sign German international Mesut Özil.

According to Guillem Balague, Real Madrid and Arsenal have reached a deal for Özil for 45 million euros, pending an agreement with the player who apparently, it desperate to leave the club.

I have no idea how much he is on but I would be certain that for any deal to happen we’d have to beat – or at least match – his current wage. I would assume he is on a big wage at Madrid (since they don’t seem to have any financial culpability) so it will interesting to see how this develops.

The signs are positive but lets not forget that we’ve been here before. We were well in for Gonzalo Higuain and look what happened there. And of course, there’s nothing stopping another club coming in for him, a la Higuain.

The deal does “make sense” in terms of Bale signing for £85.3 million and the theory that Özil’s chances may be restricted with the Welshman’s arrival. Also, there’s an idea that Madrid will want to get back some of the money they’ve spent on Bale.

Daniel Levy has delayed the Bale deal for weeks and weeks, as it was thought Arsenal were going to pick up a couple of Real Madrid players once that deal was completed – and Levy didn’t want Arsenal to strengthen as we are perceived to be their biggest challengers for 4th position in the league.

Another positive is that Lukas Podolski and Per Mertesacker could influence the German’s decision by saying how much they love it at The Emirates. There are reports the Manchester United might hijack the deal with Kagawa apparently going to PSG. So we’ll have to wait and see.

The next 24 hours are going to be absolutely mental for Arsenal rumours on new signings – even more so than the last 3 months – so I would say brace yourself and wait for Arsenal to confirm any new signings before getting too excited!