Arsenal boss Arsene Wenger says he will not be signing any new players despite the club reporting record earnings for the last financial year.
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.”