A look at what is making the headlines on the back pages of Tuesday's press.
THE INDEPENDENT: Arsenal made the second biggest transfer in British history last night with the £42.5m signing of Mesut Ozil from Real Madrid, as the Manchester United manager, David Moyes, was plunged into an extraordinary and desperate 11th-hour attempt to sign a midfielder. Also: Gareth Bale finally arrived at Real Madrid yesterday and declared that the man whose world transfer record he had broken was "still the boss".
DAILY MAIL: Arsenal broke out of their financial straitjacket last night with a club record £42.5million capture of Arsene Wenger's "dream signing" Mesut Ozil. Also: Manchester United last night pushed through a last-ditch £27.5million deal for Marouane Fellaini.
DAILY STAR: Arsene Wenger last night smashed Arsenal's transfer record with the £42.4m signing of Mesut Ozil. Also: Gareth Bale was given a hero's reception by 20,000 adoring Real Madrid fans yesterday at his official unveiling as the world's most expensive footballer.
DAILY TELEGRAPH: Arsene Wenger yesterday finally joined the big league of European spending when he obliterated Arsenal's transfer record with the £42million signing of Mesut Ozil. Also: Ander Herrera's £30.5million move to Manchester United was on the brink of collapse last night following a failure to overcome a complex tax wrangle involving the Athletic Bilbao midfielder.
DAILY MIRROR: Real Madrid president Florentino Perez has warned Gareth Bale he must now prove he is worth his world-record transfer fee. Also: Record-breaker Mesut Ozil turned down a bigger offer from Paris St Germain to join Arsenal.
THE GUARDIAN: Arsene Wenger was last night confident of signing the Real Madrid attacking midfielder Mesut Ozil for 50m euros (£42.5m) to provide Arsenal's support with the statement buy they have craved. Also: Manchester United were battling to buy Marouane Fellaini and Ander Herrera in a combined spend of a minimum £55m late yesterday evening as the 11pm transfer deadline approached and David Moyes contemplated ending the summer transfer window having made no major signing.
DAILY EXPRESS: Arsenal finally delivered on their promise to make a big signing by smashing their transfer record to land Mesut Ozil from Real Madrid for £42.5million. Also: Gareth Bale kissed the badge, kicked footballs into the adoring crowd, then admitted he would be the one taking orders from Cristiano Ronaldo at Real Madrid.
THE SUN: David Moyes was close to finalising a record double deal late on transfer D-day. Also: Arsene Wenger was last night poised to obliterate Arsenal's transfer record with the £42.5million signing of Mesut Ozil.
THE TIMES: Arsenal were preparing to smash their transfer record last night to complete the £42.5million signing of Mesut Ozil on an extraordinary contract worth £200,000 a week. Also: Peter Odemwingie parked his car at Cardiff City last night, eight months after he had driven to Loftus Road only to be refused to be allowed through the gates because a deal had not been agreed with the clubs.