Arsene Wenger maintains Arsenal are not scared to spend money - but will always do it 'in the right way'.

Ahead of this afternoon's announcement from the club's parent holding company - which is expected to reveals a healthy operating profit - the Gunners boss has once again defended his cautious transfer policy.

Wenger believes the continued positive financial situation at the Emirates Stadium is 'very pleasing', but has spoken of the difficulties presented by the delicate balancing act of maintaining stability off the pitch, as well as consistency on it.

The £24million summer sale of Robin van Persie will have further boosted Arsenal's cash reserves, even offset against the money spent on the signings of Lukas Podolski, Olivier Giroud and Santi Cazorla, meaning that the club could head back into the transfer market in January.

"We want to spend our money in the right way," explained the Frenchman. "We are not scared to spend the money.

"With some clubs we can't compete on certain players - and for the rest, we only want to bring in players who add something to our squad and give a chance as well to the young players we have."

Last night's emphatic 6-1 victory against Coventry City in the Capital One Cup proves the strength and depth of Wenger's squad, with a number of fringe players and promising youngsters given a run-out.

The fact that Arsenal's squad is as strong as it has ever been in recent seasons, means that the club may not need to bring in any other recruits, and instead should focus on keeping what they have - with securing the future of Theo Walcott top of the club's agenda.

"We have good players, because to buy one more, we have to get one out," Wenger continued. "Our numbers are good. Under the actual circumstances this is quite positive because the whole (global) environment is not positive.

"We are very lucky because we have a good support and the income of our gates is very high. We have to maintain that by keeping our fans happy and to continue to manage well in the way that we do it."

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