The Arsenal Supporters' Trust believe manager Arsene Wenger will have huge transfer funds available to him in the coming months. The London Evening Standard says financial analysis conducted by the Arsenal Supporters' Trust shows that despite a wage rise of £19m in the previous year, Arsenal have around £42.5m free cash.

The club are also in the process of renegotiating shirt and kit sponsorship agreements with Emirates and Nike, both of which expire in the summer of 2014.

With TV revenues set to rise by up to £35m per year from next season as the Premier League's new deal kicks in, it is thought Arsenal's annual turnover could go past the £300m mark. It is currently £243m.

And considering the future revenues coming into the club, the AST believe Wenger could sign two players at transfer fees of £25m each and give them six-figure contracts if he so wished - providing Arsenal continue to qualify for the Champions League.