Arsenal boss to spend £70m+ this summer - will pen new deal

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Arsene Wenger will sign a new deal with Arsenal, and is planning to splash the cash in order to turn his squad from title hopefuls to realistic contenders, according to sources.

The Mirror claims that the French boss has signalled that he will remain at the Emirates past the summer, as he has outlined a transfer plot to secure some of Europe’s brightest talents. The report states that Wenger has come to the conclusion that he needs to strengthen with quality if he is to successfully maintain parity with the likes of Manchester City, Chelsea and Liverpool, and players of Mario Mandzukic’s ilk have been named in connection with moves to north London.

Despite numerous rumours that Wenger will be moving on to pastures new this year - a notion that the Gunners boss himself has done little to quell - the Mirror believes that he has been told he has upwards of £70million to spend on new additions, and is comfortable in the knowledge that it should be sufficient to bring his team up to speed with their Premier League rivals.

Speculation remains high over who Arsenal will look to poach once the transfer window opens, but the signing of a powerful midfielder is said to be amongst Wenger’s priorities.

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