Arsene Wenger will get a £70million transfer kitty to improve the Arsenal squad this summer.
According to The Telegraph, the Gunners boss is facing a pivotal summer in his time at the Emirates Stadium club and the board will hand him the funds to make “three or four” world class signings.
Arsenal fans were furious on Saturday as they watched their team crash out of the FA Cup to Championship side Blackburn Rovers.
Colin Kazim-Richards, an Arsenal fan, scored the only goal of the game after a defensive lapse and Wenger’s team were unable to breach the resolute Rovers’ defence.
Angry boos rang out at the final whistle and the north London outfit were confronted with losing to lower league opposition in the FA Cup for the first time under the Frenchman.
It is likely to mean an eighth year without a trophy for Arsenal as they are unfancied to progress past in-form Bundesliga leaders Bayern Munich in the Champions League.
The first leg of their last 16 clash is on Tuesday, so the gunners squad does not have a lot of time to dwell, or recover, from the damaging loss.
The report claims Wenger still has his eye on January target Etienne Capoue of Toulouse, whom he reportedly failed to land with a last-minute bid.
However, Arsenal will give up on another transfer window target, Barcelona’s David Villa, and concentrate on getting in someone younger, possibly Fiorentina star Stevan Jovetic.
Wenger made seven changes to his starting line-up for the Blackburn clash, though the likes of Jack Wilshere, Santi Cazorla, Theo Walcott, Lukas Podolski and Bacary Sagna are almost certain to return.