Arsenal have told manager Arsene Wenger he has a base of £55 million to spend this summer. The Daily Mail says the Gunners board will underline their commitment to Wenger in the summer by handing him a hefty transfer budget to help bolster his squad.

Wenger is planning an overhaul of his squad in the summer.

High profile names such as Mario Goetze, Lukas Podolski, Eden Hazard and Matias Suarez all feature on Wenger's shopping list.

But despite the Gunners hierarchy giving their manager substantial financial backing, Wenger knows he faces a huge fight to land his top targets, especially if they fail to secure a top-four finish this season.