The Spanish giants are often on the lookout for a new Galactico signing and have bought in the likes of Gareth Bale and James Rodriguez for huge fees in recent years.
Wenger has often received criticism for not spending at Arsenal, although, he recently insisted that was due to the fact he feels the club 'belongs to him'.
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And the Frenchman believes Real Madrid's model does not lead to consistent performances on the field unless a club has 'hyper unlimited revenue'.
In an interview with French daily L'Equipe, brought to our attention by Goal.com, Wenger said: “[Real Madrid] have entered the modern path. They need new faces. [They have an] addiction to headlines.
“For me, consistency in the results depends on the cohesion within the club. Throwing everything out, all the time only makes sense if you have hyper unlimited revenue. Then you can win. If not you’re done.”
Luckily for the Bernabeu outfit, they have that luxury and are able to sell big-name players at a whim. Mesut Ozil and Angel di Maria, two favourites of Cristiano Ronaldo, have departed the club in previous summers.
Ozil joined Arsenal for 32.4 million in 2013 and has finally begun to reach his peak with the north London club following extensive criticism in his first 18 months at the Gunners.
Arsenal fans may well feel Wenger has sold them short in many transfer windows, but there is no doubting he has built a squad capable of winning the Premier League.
However, numerous injuries threaten to derail their season. If that does happen then fans may well point to his reluctance to bring in new additions.
Is Arsene Wenger's transfer policy right for Arsenal or would you like to see him spend more? Let us know what you think by leaving a comment below