The savvy Frenchman is believed to have up to £80million to spend should he require it, but has insisted that he has no plans at the moment to spend cash in the transfer market.

Arsene Wenger is happy with the players he currently has at the club and is not tempted to spend any of the club’s recently announced £35million after tax profits.

“There is money to spend but at the moment I am very happy with the squad I have,” said Wenger.

“It’s not because I’m against spending money; I have nothing against spending money. It is not a personal thing, it is just that I have a squad that is strong enough to compete.”

Speaking ahead of Tuesday’s Champions League clash with Olympiacos, he added:”I do not spend money because out of tomorrow’s squad is (Samir) Nasri, (Theo) Walcott, (Nicklas) Bendtner.

“People want me to buy strikers, but where do I put them? I don’t know. I have to then lose players who, for me, are world-class.”

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ANDREY ARSHAVIN says Arsenal’s new attacking formation is perfect for his style of play.

Arsene Wenger has switched his side to a 4-3-3 formation to accommodate the creative talents of Arshavin, Robin van Persie and Eduardo.

And the Russian, 28, admits he is relishing his new role in the Gunners’ front line.

Arshavin said: “Arsenal have changed their system this season and moved my position.

“I used to play on the left-hand side of a four-man midfield but we’ve gone to three in the middle and that has helped me become more of an attacking player.

“But we can always switch back to the old system if we have to because we have players who can be fluid and adaptable.

“We can move anywhere depending on the situation in front of us.

“If I see an opportunity I can exploit on the right-hand side of the pitch I’ll go over and take advantage of it.”
read the rest at the Sun

Amid the gloom, the one piece of good news provided by Arsene Wenger on Thursday afternoon was that, contrary to expectation, Thomas Vermaelen has been passed fit for this weekend’s trip to Everton. The Belgian has missed the last three weeks of pre-season with a hamstring injury but completed forty-five minutes for his country in midweek and is set to line up alongside William Gallas at Goodison Park.

His rehabilitation is just as well given that Djourou, poised to start the season as Gallas’ partner, has been ruled out for a month with a knee complaint. In the absence of further signings following the sale of Kolo Toure, Djourou’s setback leaves just Mikael Silvestre as defensive cover during a period in which Arsenal also have to travel to Old Trafford, Celtic Park, and Eastlands.

read more at football365

The Arsenal boss lodged a bid for the Bordeaux striker last week, which was ruled out by the French club who are holding out for around £15million.

However Wenger warned the French side that they are in serious danger of allowing their client to walk away for nothing, as come January 1st Chamakh will be free to talk to other clubs ahead of a Bosman move.

Arsene has suggested that his interest in the player is over for the time being and it seems he is prepared to play the waiting game if need be.

more here at Footballfancast

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The Brazilian prodigy told reporters last month:

“I am going to make a decision regarding my future in the next few weeks and what I want to do is play in Europe.”

more here at sport.co.uk

“I am not sure how many times I need to talk directly about my commitment to Arsenal as I continue to say the same thing over and over again,” he said. “It appears that every time I have spoken to the Spanish media recently, my words have bounced back to England, leaving question marks about my future. So, for anyone who is unclear or may have misunderstood what my position is, let me make myself absolutely crystal clear – I am whole- heartedly committed to Arsenal and my future lies with this great club.”

original source
Liverpool Echo

Arsene Wenger has confirmed that Kolo Toure could leave Arsenal as talks continue over a possible move by the Ivory Coast defender to Manchester City.

Toure played for Arsenal on Monday night in a pre-season friendly in Hungary but could move to City in a £15 million transfer later this week. Wenger said the next 24 hours will be decisive.

He told Arsenal TV: “We will see what’s happening in the next 24 hours, nothing is decided yet. We have seven centre-backs and I am in the position where I have to play some in midfield but of course Kolo is a very good player and we will see what will happen in the next 24 hours.”

original source: eurosport

Farhad Moshiri is a London-based investor with close links to billionaire Russian Oligarch Usmanov, who owns around a 25 per cent stake in the club.

Moshiri is ‘mystified’ as to why the Gunners board rejected a rights issue proposed and underwritten by Usmanov this summer which he intended to generate transfer cash for manager Arsene Wenger and also reduce the club’s long-term debt.

Read more: Daily Mail

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According a report in the Sun, Arsenal are confident they can outbid their London rivals with an offer of £16.5 million for the 26-year-old who returns to training with Real Madrid on Friday.

The Spanish giants, who only signed the striker in January, are understood to want Huntelaar‘s future resolved by the end of next week but have given no hint as to which Premier League club stands the better chance of securing a deal.

More here on Telegraph.co.uk

Chelsea’s left-back who sensationally swapped north London for west in 2006 is keen to jump back on the bad side of the Arsenal faithful after speaking his mind to the Daily Mail yesterday.

Cashley – as he is dubbed by gooners – still maintains ill feelings towards his old club whom he served since his teenage years.

source – Red London