The Gunners have been badly hit by injuries this season and the problems have threatened to hamper their Premier League title tilt.
"We have £69millilon in cash, so we have money available," Arsenal managing director Keith Edelman told the News of the World.
"Arsene has got sufficient funds for any signing he wishes to make."
Edelman, though, does not expect Wenger to abandon his policy of investing in the opportunity to develop potential talent.
But Edelman does not feel Wenger will seek to bring in star names as replacements and that the Emirates Stadium boss will continue to look to the long-term.
"We do spend quite a lot of money but not in quite the same way as other clubs do," Edelman added.
"Last year, we bought Bakari Sagna and Eduardo. So we do make acquisitions but we don't tend to make the big-splash ones."