Get up to date on Arsenal transfer news, injury updates, fixtures and share your opinions on Goonerhead
French publication L’Equipe recently broke the news that Arsenal had offered €100 million for Monaco starlet Kylian Mbappe, but Wenger has moved quickly to distance himself from spending such huge figures.
Instead, the veteran coach insists fans should not get distracted by transfer fees, and wants to find more bargains like Rob Holding, who only cost £2.5 million when he left Bolton.
Asked on BeIn Sports about how many signings he expects to make this summer, he explained: ‘Between a maximum of two or three.
‘We cannot spend as much as many other clubs because some clubs have external resources that allow them to be basically unlimited.
‘We can spend money because we have managed the club well. Let’s not forget the amount of money spent is not a guarantee of success.
‘We have to be clear what we understand as a big signing. Is [Rob] Holding a big signing for you or not?
‘When you buy a player for £40m, everybody will have at the start a positive judgement. When you buy him for £2m, he can’t be good?
‘That means a big signing is not necessarily linked with the amount of money spent.’
Real Madrid, Manchester United and City are all thought to be trying to sign Mbappe, while Arsenal were rumoured to have an advantage in the race for his signature given that he supported the club as a child.
But Wenger’s comments suggest he has little intention of breaking Arsenal’s transfer record, which currently stands at the £38.2m spent on Mesut Ozil.
Wenger made similar remarks last summer, when Holding first arrived at the club and made an immediate impression in a 0-0 draw against Leicester City.
‘Unfortunately no-one speaks about the performance of Rob Holding,’ he complained. ‘You should be happy, he is English and 20 years old. I am sorry he didn’t cost £55m, so he can’t be good.’