The Gunners continued their impressive start to the campaign by maintaining their 100 per cent winning record with a 1-0 victory over Crystal Palace on Monday.
Arsenal transfer news - David Raya
According to Sky Sports, Arsenal parted with £3million in order to acquire Raya on loan for the remainder of the campaign.
The report suggests the north Londoners have a £27million option to make the move permanent, but it will become an obligation if the goalkeeper - who has kept 20 clean sheets over the course of his Premier League career - makes a pre-agreed number of appearances.
Raya will provide current Arsenal No.1 Aaron Ramsdale, who has been on the Gunners' books since sealing a £30million switch from Sheffield United two years ago, with competition as Champions League action returns to the Emirates Stadium.
But the initial loan move was only possible after the Spain international penned a two-year contract with Brentford, which includes an option to be extended by a further 12 months if he does not remain in north London beyond the end of the season.
Raya was an unused substitute as Arsenal wrapped up a narrow win over Crystal Palace earlier this week, courtesy of a Martin Odegaard penalty.
Arsenal summer signings
Fee
David Raya (Brentford)
Loan
Kai Havertz (Chelsea)
£65m
Declan Rice (West Ham)
£105m
Jurrien Timber (Ajax)
£38m
All transfer fees according to Sky Sports
What has Ryan Taylor said about Raya?Although Taylor was initially puzzled by Raya's acquisition, he believes it could end up being an astute signing by Arsenal.
The respected journalist is aware that Arteta was keen to add the 27-year-old to his options due to feeling Matt Turner, who joined Nottingham Forest in a £10million deal earlier this month, did not put enough pressure on Ramsdale for the No.1 jersey.
Taylor on Raya: "I do think Raya is a smart goalkeeper. I think he's probably a little bit better suited to what Arteta wants to do, so I can see from that respect why he's come in.
"I do find the timing slightly odd because Ramsdale was really good last season. I am quite surprised, but Arteta is quite set on what he wants.
"From what I understand, from the conversations I've had, I think the signing is more about the fact Turner wasn't pushing Ramsdale enough, as opposed to the fact Arteta doesn't rate Ramsdale. From that respect, I do think it could prove to be smart business."
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