Arsenal will make £30 million available to manager Arsene Wenger for the January market.
Arsenal's financial results for the 2013-14 season, published on Friday afternoon, reveal record levels of 'free' cash sitting in the club's bank account, £173.3m at the end of May.
The Daily Mail says Wenger will only have £30m to spend on players in the January transfer window.
Even the most conservative estimate of money available, allowing for a large reserve in case Arsenal fail to reach next season's Champions League group stages, suggests Wenger had £60m more at his disposal this summer than he spent.
Club sources say that Wenger's realistic January spending would be limited to two players in the £10m to £15m price range each, with wages on top. Further spending would be sanctioned in the summer.
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