Full-time - 90'
2 - 2
English FA Cup
13:30 +00:00, January 6, 2013
Liberty Stadium, Wales
Referee: Howard Webb
That is all from here for now. But make sure you join us for live commentary of Mansfield Town v Liverpool which kicks off at 1600GMT. Could a giant-killing be on the cards?
And of course both teams are in the hat for the fourth round draw which is at 1530GMT.
A fantastic second half. Michu scored with his first touch, Arsenal looked to have won it at the death, before Graham had the last word. Both sides will have to do it all over again in a replay.
And there goes the full-time whistle.
Walcott sends it in but Vorm does well to claim it.
Arsenal win a free-kick. Chance to whip a ball into the box.
Arsenal with the ball now. This will be the last chance surely?
Arsenal break and Wilshere tries to play in Walcott but Chico does well to make the interception.
Tiendalli again with a ball into the box but he overhits it.
Tiendalli whips a ball in from the right but Koscielny heads clear.
What a great finish we have had to this game.
A lovely move from Swansea as Tiendalli finds himself in space on the overlap but he can only hit the side netting with his strike.
Five minutes of injury time to be played. There could well be a winner in that time.
Koscielny rises highest to meet the corner but Vorm makes a great save. The defender goes for the rebound but can only hit it over.
Walcott takes a tumble in the box under pressure from Bartley. No penalty given.
Walcott has the ball in the back of the net but it will not count as he was offside.
This game is not over yet...
Terrible defending from Arsenal at the corner as Ki is allowed to bring it down and pass it to Graham. The striker finds the back of the net with a great finish. Nobody in an Arsenal shirt tried to close him down.
GOAL FOR SWANSEA. GRAHAM.
Ki with a chance but Szczesny makes a decent save. The ball eventually comes back out to Dyer but his deflected shot goes over.
What can Swansea do now?
Gibbs was booked for his celebration.
This game has turned on its head.
Gibbs plays a fantastic one-two with Giroud before the left-back volleys home with a brilliant strike. Vorm no chance.
GOAL FOR ARSENAL. GIBBS.
Gibbs sends a ball in from the left. Walcott controls it and tries to tee up Wilshere but the move breaks down.
Arsenal are searching for a winner...
Swansea look to have dealt with Walcott's corner but Koscielny keeps it alive before Podolski turns and shoots to find the bottom corner. Great strike.
GOAL FOR ARSENAL. PODOLSKI.
Cazorla's free-kick hits the bar before Arteta's shot from the rebound does the same.
Bartley is booked for a silly challenge on Wilshere. Dangerous position for Arsenal.
Time is starting to tick for Arsenal. Swansea just need to make sure they do not do anything silly which they have done a few times at the back up until now.
Arsenal piling on the pressure. The ball eventually falls to Podolski two yards out but he sends it wide. Lucky for him he was offside anyway.
Podolski picks out Gibbs in space down the left but his cross is closed down.
What a chance for Arsenal as Walcott takes advantage of some terrible Swansea defending and finds himself one-on-one but he can only shoot wide. Should have at least hit the target.
Giroud comes forward down the right but soon loses it. Swansea are holding on for dear life at the moment.
Sagna tries to work a cross in from the right but it canons back off a Swansea player.
Arsenal make a change as Podolski comes on for Ramsey.
Michu finds himself in space down the left but he soon loses the ball. Wasteful.
Nice work from Gibbs who drives into the box but he soon loses it. Unlucky.
Cazorla and Wilshere combine but it eventually comes to nothing.
Surely Arsenal will be thinking about making some changes soon?
Swansea make their final change as Agustien comes on for Britton.
Wilshere sends in a ball from the left but he can only direct it straight to Vorm.
It is all Arsenal now...
Koscielny finds Cazorla on the edge of the box who chips in a dangerous ball into the danger zone but Swansea do well to get rid of it.
Wilshere plays a one-two with Giroud before shooting at goal but he fails to direct his effort on target.
Ramsey sends in a superb cross from the left and picks out Giroud in the box but the striker can only head wide. Should have scored.
The game is starting to get very stretched as Arsenal go in search of an equaliser.
Swansea threaten again as Hernandez races around the edge of the box before his cross-cum-shot ends up in the arms of Szczesny.
Wilshere with a great chipped pass into the area but it just misses out on finding two Arsenal bodies and runs out for the goal kick .
Walcott sends in the corner but Swansea get it clear.
Wilshere plays in Gibbs down the left who bursts into the box but Tiendalli puts in a superb sliding tackle.
Giroud heads clear Ki's free-kick.
Sagna concedes a free-kick in a dangerous position for a high boot on Davies.
Arsenal started the half well but that goal came out of nowhere. A real sucker punch for the Gunners.
What have Arsenal got in response now?
Michu puts Szczesny under pressure before the keeper eventually clears. Desperate times for Arsenal at the moment.
He has only been on for a matter of seconds!
Unbelievable stuff. Some woeful defending from Arsenal and Michu takes advantage and slots calmly past Szczesny.
GOAL FOR SWANSEA. MICHU.
Gibbs fires another cross into the box but Swansea get it clear.
Not a bad couple of changes for Swansea. Let's see what impact they can have.
Swansea make a double change. Routledge and De Guzman off and Hernandez and Michu on.
Giroud is currently down on the floor and needs treatment.
Arsenal finally starting to find their rhythm now.
Gibbs picks out Giroud in the box who gets a volley away at goal but Vorm makes a good save to keep it out.
Penalty shout for Arsenal turned down. Ramsey in space in the box takes a tumble after having his heels clipped by Tiendalli.
Arsenal break down the other end through Walcott who finds Giroud. The striker shoots at goal from the edge of the box but Vorm makes a decent save.
Davies gets a ball into the box from the left but Arsenal clear.
Ramsey works some space on the left to get the cross in but Bartley clears. Arsenal force their way back into the box and Ramsey tries to stab an effort at goal but it was never troubling Vorm.
Cazorla picks out Walcott with a clever ball. The winger knocks it down for Giroud on the edge of the box but the striker sends his strike well wide of the post.
Arsenal starting the half with the majority of the possession. Gibbs sends in a ball from the left but it is straight at Vorm.
No changes from either side at the break.
Swansea kick-off the second half...
Not a classic first half that is for sure. Swansea have been fairly comfortable as the game has gone on and had the better chances. Arsenal have been poor and need to change something.
And there goes the half-time whistle.
Swansea are finding it very easy to knock the ball around past Arsenal at the moment. A major improvement is needed from the away side in the second half.
Cazorla shoots from distance but the save is comfortable for Vorm.
Arsenal attack through Sagna but Chico is there again to get rid of the danger.
Ramsey finds some space on the left and whips a ball into the box but it is very poor and runs straight to Vorm.
It has been pretty uninspiring stuff from Arsenal so far.
Routledge turns Sagna before firing a delivery into the box but Koscielny is there to head clear.
Walcott comes forward down the left but Chico does brilliantly to stop him in his tracks.
Swansea have upped their game in the last few minutes.
De Guzman sends a ball into the box but Mertesacker does well to clear.
Giroud goes down under pressure from Routledge. No free kick given.
Dyer comes forward for Swansea and plays in Tiendalli down the right but his cross is poor and Arsenal clear.
Bartley is a former Arsenal player so that would have made things interesting if he had found the back of the net with that chance.
De Guzman sends the free-kick into the box but Bartley can only head it onto the bar. Unlucky.
Ramsey is booked for a foul on Tiendalli. Free-kick in a dangerous position for Swansea.
A chance for Arsenal as Cazorla plays a one-two with Gibbs before shooting from just inside the area but he sends it over the bar.
Davies fizzes a cross into the box that Dyer picks up on the edge of the area. He shoots but it is blocked. De Guzman runs onto it but his touch is poor and it goes out for a goal kick.
There has been a lot of nice passing from both sides but rarely any real penetration.
Arsenal probing Swansea's defence but the home side are holding firm.
Tiendalli whips another dangerous ball into the box but Szczesny does well to get to it before Graham does.
Some lovely play by Arsenal as Ramsey eventually makes his way into the box but he takes one touch too many and is unable to get the shot out from underneath his feet. Unlucky.
Ki tries to play a ball forward for Swansea from a promising position but he overhits it and it runs out for a goal kick.
Arsenal play the ball around the box before Arteta lofts a ball towards goal but it is poor and runs out for a goal kick.
Wilshere plays in Gibbs down the left who sends a ball into the box aiming for Walcott, however, Davies is there to clear with an excellent diving header.
De Guzman picks out Dyer with a wonderful ball but the move soon loses momentum.
Walcott's free-kick goes straight into the wall. Poor.
Walcott drives forward towards the goal only to be brought down by Chico right on the edge of the box. Free-kick...
Graham beats the offside trap but Szczesny does well to come off his line to clear the danger.
Some lovely link-up play between Walcott, Giroud and Wilshere eventually sees Walcott shoot at goal from inside the area but it is blocked by a Swansea body.
De Guzman sends the corner into the box but Arsenal are able to head clear the danger.
Some nice play from Swansea as Routledge tries to burst down the left but Sagna is there to concede the corner.
Arsenal are seeing a fair bit of the ball but they need to be careful as Swansea can be very dangerous on the counter attack, as they have proved on one occasion today already.
Arsenal attack but it soon breaks down thanks to some good defending from Chico on Giroud.
Swansea have definitely looked the most threatening so far.
De Guzman finds some space on the edge of the box so shoots at goal but he sends it well wide.
Wilshere will be disappointed with that delivery.
Wilshere sends it into the box but again Vorm is there to claim.
Arsenal win another free-kick outside the box after a foul from Chico on Walcott.
Graham out-paced and out-muscled Mertesacker far too easily there.
De Guzman picks out Graham with a fine ball over the top. The striker manages to shake off Mertesacker before firing an effort at goal. Szczesny makes a good save to tip it wide.
Wilshere sends it into the box but Vorm comes flying off his line to make the catch.
Arsenal win another free-kick in a fairly dangerous position as Davies fouls Walcott.
Walcott finds some space down the right and manages to get a decent cross into the box but nobody in an Arsenal shirt is in the middle to get on the end of it.
Swansea attack down the right through Tiendalli who whips a dangerous ball into the box but Sagna does well to head clear.
Chico plays a back pass to Vorm that nearly puts him in trouble but he manages to clear.
Swansea now the team playing keep-ball...
Koscielny looks for the run of Giroud but Tiendalli defends well. The Frenchman is going to be a major outlet for the Gunners today.
This game has a nice flow to it already. Both teams looking to play some football, as you would expect from them.
Bartley looks for the run of Graham down the right flank but Gibbs is there to avert the danger.
Swansea clear the corner and counter through Dyer up the other end. Routledge looks for Graham in the box but Szczesny comes out to claim the ball.
Wilshere sends it into the danger zone but Giroud is just unable to get the touch. Arsenal win the corner though.
Ki concedes a foul on Wilshere. Free-kick in a good position for Arsenal...
Arsenal still with the ball...
Arsenal are playing it around nicely at the moment after Vorm's poor clearance conceded possession.
And Arsenal get the first half underway...
The teams are out onto the pitch. We are just moments away from kick-off...
The last time these two sides met at the Liberty Stadium was last January when Danny Graham got the winner in a five-goal thriller. The last time the pair met in the FA Cup in Wales was in 1968, with Bobby Gould scoring the only goal for Arsenal.
Arsenal, meanwhile, make three changes to the side that drew with Southampton with Mertesacker, Ramsey and Giroud coming in for Vermaelen, Podolski and Oxlade-Chamberlain.
Swansea make four changes to the side that drew with Aston Villa last weekend. Bartley, Davies, Ki and Dyer come in for Williams, Rangel, Hernandez and Michu.
Arsenal subs: Martinez, Vermaelen, Santos, Coquelin, Rosicky, Oxlade-Chamberlain, Podolski.
Swansea subs: Tremmel, Michu, Hernandez, Monk, Schechter, Rangel, Agustien.
Arsenal: Szczesny, Sagna, Mertesacker, Koscielny, Gibbs, Arteta, Wilshere, Ramsey, Walcott, Cazorla, Giroud.
Swansea: Vorm, Tiendalli, Chico, Bartley, Davies, Britton, De Guzman, Ki, Routledge, Dyer, Graham.
As rumblings about Theo Walcott's contract continued this week, Arsene Wenger revealed he plays an integral role in maintaining financial stability at Arsenal.
Our Arsenal blogger, Sam Limbert, has gone all nostalgic this week to relive some of the Gunners' finest FA Cup showings, while Swansea counterpart Max Hicks fancies his side's chances of progress.
Join us from 1330 GMT as Swansea take on Arsenal in the FA Cup third round. We've got minute-by-minute text commentary here, while the game is live on ESPN UK.