Arsenal are ready to lift their wage ceiling to help manager Arsene Wenger to compete in the transfer market this summer.

The Daily Mail says at the moment, Arsenal's top earners are Theo Walcott and Lukas Podolski, who earn a basic wage of around £90,000 per week.

Now they are willing to stretch to as much as £150,000 per week for the right player this summer.

Arsenal's annual wage bill is £143m, the fourth highest in the Barclays Premier League behind Manchester City (£201m), Chelsea (£171m) and Manchester United (£160m).