Arsenal CEO Ivan Gazidis has assured club supporters and manager Arsene Wenger that the club possess the money necessary to sign "world-class players" this summer.
Speaking to the "?Telegraph, Gazidis also confirmed that Wenger would remain in his role as manager going into next season and for the foreseeable future, despite growing pressure from a section of the club's fans to remove Wenger from his role last season.
Arsenal have already signed £34m midfielder Granit Xhaka this summer, and the club are looking to strengthen in a number of other positions too. Gazidis was quick to state that the money is in the bank for Wenger to spend on top names if he wants it.
He said: "We still have to ask ourselves difficult questions: Did we have the right squad depth for certain difficult functions? We have a good idea of where we feel we fell short and where we feel we did well.
"Because we have a highly-visible manager who represents so much continuity, there is a misplaced belief that things don't change. There has been tremendous change within, fully embraced and led by Arsène.
"We are in a position that we were not in four or five years ago where we don't have to sell our best players. We can go and sign world-class players if and when the manager identifies them."
Exclusive: Ivan Gazidis tells @JWTelegraph Arsene Wenger is going nowherehttps://t.co/nKNNKlH6Hf pic.twitter.com/IPnoGj3jAG
Gazidis went on to claim that both Wenger and the club's decision-makers were happy to see the Frenchman remain in his role as boss.
He added: "The reason that Arsène is here is because he believes that he can deliver success. If either of us didn't believe that we would not be constrained by nostalgia or longing; we would have to make a change. Arsène would understand and support that. But it's just not how either side feels. We feel we are on a good path.
"He's in his mid-sixties, it's natural to think about when his time here might come to an end, but the truth is nobody knows. He is in fantastic shape. He is deeply engaged and excited.
"One of the biggest challenges we will face is the transition, whenever it happens, but that is not something we are going to be facing imminently. Obviously, he is going to be managing us next year and we are planning and making many decisions for the long term."
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