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Arsene Wenger has reiterated he is willing to spend big in the transfer window but only on quality players.
The boss is currently looking to strengthen the squad but stressed that he will not be forced into making panic buys.
“I would just like to reassure you we are ready to spend the money we have, not the money we haven’t got,” he said.
“It’s not my money. It’s important to spend and more important to spend in the right way. First of all you have to be convinced of the quality before you pay over the odds. You have to be convinced he is good enough to strengthen the squad. Then you must have the money available to pay. We have already invested at a high price and we will do it again.
“What I fight against is to think the only way is to buy. To buy in itself is not a quality. To buy good players is a quality.”
Wenger also stated he is finding it difficult to sign players because European clubs are beginning to inflate prices for their players once an English club indicates it’s interest in the player and the boss believes should English clubs continue to pay inflated transfer fees, it could suffocate them in the long run.
“You have two markets, one for the English clubs and one for the rest of Europe,” said the Frenchman.
“The danger is that English clubs can suffocate themselves in the longer period. If you pay a high transfer fee you also pay high wages.
“If they are wrong, they will have these players with high wages and they cannot go anywhere. When it is an English club, it multiplies the transfer by two, three or even 10. If a player is worth £5m and an English club comes in, he is worth £35m or £40m.”
The boss is currently in search of a striker and a centre back but is yet to be successful due to inflated price tags.