Arsenal have made just £30 million available to Arsene Wenger for new signings in the January transfer window, reports Metro.
The Gunners are in the midst of a familiar injury crisis and reinforcements will be required if they are to keep pace with Manchester City and Chelsea. They lie nine points off leaders Chelsea having won just two of their opening seven Premier League games.
Having announced incredible cash reserves of £170 million, there was hope that Wenger would continue to invest heavily in new signings. However, Wenger's lavish spending in the summer transfer window means he will be limited in the new year.
Speaking to Metro, a senior Arsenal figure said: "It’s not correct that Arsenal currently have £170m available to spend."
"That was the amount ‘in the bank’ on May 31. Since then the club have spent a net £60m on players, with much of the remaining funds needed to cover costs across the season. So the actual figure is closer to £30m."
That puts significant doubts on reports that Wenger was planning a triple swoop for Sami Khedira, Anderson Talisca and Julian Draxler. Such a spree was estimated to come at a cost of £60 million, which appears out of Wenger's reach.
Khedira would appear the most attainable target as his contract moves within its final six months. The German international is out of favour at Real Madrid and Florentino Perez is ready to cash in instead of losing him for free in the summer.
The 27-year-old would help cover a problem position at Arsenal in defensive midfield. Mikel Arteta and Mathieu Flamini have been unable to protect to defence in key games this season and a physical presence is needed.
Central defence is also of grave concern for Arsenal. Calum Chambers is currently the first choice right-back and the third choice centre-back. Should Laurent Koscielny or Per Mertesacker succumb to injury, Wenger would have to dip into the academy for cover.
What is likely is that Wenger will opt against signing anyone in January unless a good opportunity comes along. However, with Europe's best players cup tied in the Champions League, it makes finding value for money even harder.
Big signings like that of William Carvalho or Aymeric Laporte are much more likely to be done in the summer, leaving Arsenal fans facing frustration in the new year.