SUBSTITUTIONpublished at 72 mins
Arsenal 0-2 Watford
Fresh legs for Watford. Ikechi Anya on, Etienne Capoue makes way.
Welbeck pulls one back for Arsenal
Guedioura and Ighalo score Watford's goals
FA Cup: Man Utd v West Ham (16:00)
Premier League: Aston Villa v Tottenham (16:00)
James Gheerbrant
Arsenal 0-2 Watford
Fresh legs for Watford. Ikechi Anya on, Etienne Capoue makes way.
Arsenal 0-2 Watford
Sanchez floats up a good cross looking for Welbeck, but it's headed away by Nyom. Backs-to-the-wall time for Watford...
Arsenal 0-2 Watford
Arsene Wenger has seen enough. It's a triple change for the Gunners: on come Theo Walcott, Alex Iwobi and Danny Welbeck; off go Giroud, Elneny and Campbell.
Arsenal 0-2 Watford
Steve Claridge
Ex-Portsmouth striker on BBC Radio 5 live
"This is a huge story. What looked like, six weeks ago, that it was going to be a fantastic season for Arsenal, you are back to the same old, same old story.
"The players are having a go at each other, and so are the fans."
Arsenal 0-2 Watford
Decent chance for Arsenal to get back into it as Chambers, who has found space all day, puts in a low cross and Etienne Capoue just nicks it away from Olivier Giroud at the last moment.
Arsenal 0-2 Watford
Steve Claridge
Ex-Portsmouth striker on BBC Radio 5 live
"What a strike, what a wonderful strike. I thought it was going over, then you see it nestle in the top corner of the net. It is going to be a long 27 minutes for everyone involved with Arsenal."
Arsenal 0-2 Watford
He's practically taken the net off! Brilliant from Guedioura, and surely Arsenal's Cup defence is over now. It's magnificent hold-up play from Troy Deeney, who receives the ball in the penalty area, then lays it back to the Algerian, who absolutely marmalizes it into the top corner. Ospina didn't even have time to get his arms up, it was already past him.
Arsenal 0-1 Watford
Steve Claridge
Ex-Portsmouth striker on BBC Radio 5 live
"Arsenal will be patient, that is how they play their football, but they are not finding their rhythm.
"Wenger needs to change something. The two in midfield are not doing anything for them. Francis Coquelin is not having the best of games, and Mohamed Elneny doesn't look like scoring."
Arsenal 0-1 Watford
Big chance for Arsenal! Joel Campbell gets space on the left and curls in a low cross towards Giroud, who instinctively stabs his foot towards it and forces a sharp save from Pantilimon.
Arsenal 0-1 Watford
That should have been curtains for Arsenal! Nathan Ake rampages down the left flank and fires in an inch-perfect curling cross towards Ighalo - it's on his right foot but he somehow manages to tread on the ball and the chance is gone! What a moment that could be...
Arsenal 0-1 Watford
Arsenal are showing signs of mounting a recovery, but the quality of the final pass is lacking too often. Another poor one over the top towards Sanchez is easily cut out by Prodl.
Troyes 0-9 PSG
French Ligue 1
Arsenal 0-1 Watford
See it for yourself. Arsenal fans, cover your eyes.
Arsenal 0-1 Watford
Steve Claridge
Ex-Portsmouth striker on BBC Radio 5 live
"There is no reason to panic, it's not a league game. Arsenal drew in the last round and comfortably won the replay. So they need to calm themselves down, get a goal and they can get it back to Watford.
"Arsenal have to recover some composure. Watford are having their best period of the game."
Arsenal 0-1 Watford
So, Arsenal staring at a first defeat in 16 FA Cup games, and tempers are beginning to fray. They can't pick their way through Watford's organised defence. Olivier Giroud reacts furiously when a decision goes against him.
Troyes 0-8 PSG
French Ligue 1
Paris St-Germain looked in very impressive touch as they beat Chelsea in midweek, and they could incredibly wrap up the French league this afternoon. In mid March.
You might expect a few nerves, a bit of tension -or they could smash Troyes EIGHT NIL.
That's the current score. Madness.
Arsenal 0-1 Watford
Could have been two! Nyom on the overlap, deep cross, Deeney wins the header and knocks it back to Ighalo, who again outmuscles Gabriel and this time directs his shot over. The defending champions are rocking here...
Arsenal 0-1 Watford
Steve Claridge
Ex-Portsmouth striker on BBC Radio 5 live
"The ball was thrown in, it was a cheap header and Ighalo rolled Gabriel but it all stemmed from shocking, really poor defending from Arsenal.
"They have worked so hard and missed the opportunities. Watford get one opportunity and score, and that is Arsenal in a nut shell."
Arsenal 0-1 Watford
Oh Arsenal. They could have scored a sackful in the first half and now they're behind. It's poor defending from the Gunners too - Troy Deeney beats two men to head on a throw-in, it comes to Ighalo, who shrugs off Gabriel with ease and buries his shot past David Ospina.
Arsenal 0-0 Watford
Guedioura hangs up a god cross to the far stick and Calum Chambers does really well to nick it off the head of Troy Deeney.