2003–04 Arsenal F.C. season Transfers Transfers

| Position_ | Player | Loaned_to | Date_ | Loan_expires |
|---|---|---|---|---|
| DF | Juan | Millwall | 1 August 2003 | 24 September 2003 |
| DF | Sebastian Svärd | Copenhagen | 3 August 2003 | 20 December 2003 |
| DF | Moritz Volz | Fulham | 7 August 2003 | End of the season |
| DF | Igors Stepanovs | Beveren | 14 August 2003 | End of the season |
| MF | Jermaine Pennant | Leeds United | 20 August 2003 | 15 May 2004 |
| MF | Giovanni van Bronckhorst | Barcelona | 26 August 2003 | End of the season |
| FW | Francis Jeffers | Everton | 1 September 2003 | End of the season |
| DF | Sebastian Svärd | Stoke City | 29 December 2003 | 10 May 2004 |
| GK | Rami Shaaban | West Ham United | 16 January 2004 | Week beginning 16 February 2004 |