Arsenal’s managing director Vinai Venkatesham has refuted claims that the club only have £40 million ($50m) to spend this summer, while head of football Raul Sanllehi is expecting further movement before the window slams shut.
It had been suggested that Gunners boss Unai Emery would have to work on another limited budget as those in north London endeavour to force their way back into contention for Champions League qualification.
Venkatesham is, however, adamant that no cap has been put on spending, with deals having already been tied up for William Saliba and Dani Ceballos and there the promise of more to come.