In the latest Arsenal transfer news, the club is reportedly in the midst of a significant reshuffle, with a series of potential signings on the horizon. However, these moves have not been without controversy, as Manchester United legend Wayne Rooney has issued a stark warning about the state of modern transfer fees.

Arsenal has been linked with a move for Cedric Soares, who is currently plying his trade at Southampton. The Portuguese right-back has been a standout performer for the Saints, and his performances have not gone unnoticed at the Emirates. Arsenal is reportedly preparing a bid for the defender, with Mikel Arteta keen to bolster his defensive options.

In addition to Soares, Arsenal is also reportedly interested in signing Nicolas Pepe from Lille. The Ivorian winger has been in sensational form this season, and his performances have attracted the attention of several top clubs across Europe. However, Arsenal is believed to be leading the race for his signature, with Arteta viewing Pepe as the ideal addition to his attacking arsenal.

The Gunners are also reportedly in talks with Rob Holding over a new contract. The English defender has been a key player for Arsenal this season, and the club is keen to secure his long-term future. However, negotiations have reportedly been complicated by interest from other clubs, with several Premier League sides believed to be monitoring the situation.

However, these potential signings have been met with a warning from Manchester United legend Wayne Rooney. The former England captain has expressed concern over the escalating transfer fees in modern football, suggesting that the sport is destined for a market 'crash'.

Rooney, who was a record transfer during his playing career, highlighted the recent transfers of Declan Rice to Arsenal and Jude Bellingham to Real Madrid as examples of the 'crazy' fees being paid in the current market. He suggested that the sport cannot continue on this trajectory and predicted a market crash in the future.

"It's crazy, isn't it?" Rooney said, according to the Mirror. "Yes, it's mad. The money players are getting sold for now is crazy but I suppose that's where the value is nowadays. I think someday it's got to just crash because it can't keep going that way."

Despite his warning, Rooney also praised both Rice and Bellingham, stating that they are both destined for the top of the game. He believes that Rice, in particular, can be a leader in Arteta's team, and has the potential to be a "huge player" for Arsenal.

"Bellingham is very good athletically and a box-to-box midfielder, more attacking. Declan Rice is a powerful lad when he drives the ball and also defensively and tactically he is very aware. So, they are two different players but both with a huge future," Rooney added.

As the transfer window continues, it remains to be seen how these potential moves will play out.However, one thing is clear - the landscape of football transfers is changing, and clubs will need to adapt to navigate these uncharted waters successfully.