Wenger, 65, is understood to have a larger transfer kitty available to him at the end of the season.

The former Monaco chief, who is on course to retain the FA Cup, has been linked with moves for a number of players in recent months.

And the Frenchman has admitted he will strengthen his squad this summer in order to mount a sustained challenge for the Premier League title next season.

“We are ready to spend the money for players who strengthen our team. There is a difference in that and just spending money," Wenger told beIN Sports.

"If I ask you who has spent the most money this last season and if I give you last season, and the season before, it is never the teams who have won the championship.

VOW: Wenger has vowed to splash the cash this summer [GETTY]

"If for example we got a player like Coquelin, if we had bought Coquelin for £40m in December, because he started to play in December, everybody would say, ‘What a buy! What a great player!’, but the fact that he comes out from our own club and plays, everybody says you still have to buy a player in his position.

"You have to be careful sometimes not to rate the players only by the amount of money they cost but just look at their performances.

“We are in a position where we just want a player with an exceptional quality in any area that can strengthen us.

"The depth of squad is important and any world class player in any position can help us achieve what we want to achieve."