Arsenal chief executive Ivan Gazidis has gone on to reassure the fans that the club is capable of holding onto top talents such as Alexis Sanchez and Mesut Ozil.

Both Sanchez and Ozil will be entering the final years of their respective contracts during the upcoming summer and Arsenal fans are understandably a bit concerned at the fact that the duo have not signed extensions as of yet.

Nonetheless, Arsenal chief Gazidis is not too worried regarding the situation and has assured fans that the club is in a strong financial state to be able to keep hold of both Sanchez and Ozil for the foreseeable future.

"We have a good track record in recent seasons of retaining our key players, developing young players and attracting new players," Gazidis said at Monday's AGM.

"We are now beginning to compete in terms of wages with some of those clubs around us. There is continual growth in investment in wages but also in transfer fees.

"Very importantly our player sales have reduced so we have retained more of our important players. We've had funds available to pay market values and as a result the reliance we have had on transfer revenue has gone down dramatically.

"I can't get into a discussion on individual players but I can assure you we will apply the same focus, rigour and diligence to members of our current squad and I think you can see the direction of travel.

"Overall we have attracted some global talent - Sanchez and Ozil are renowned names.

"We increasingly believe we have constructed a squad that is capable of competing for the very highest honours in the game."