Arsenal chief Ivan Gazidis admits they can't "outgun" their rivals in the transfer market.

Gazidis has again stated Arsenal must be careful with their transfer spending this summer.

"We can't afford to outgun competitors that have far more money. We have to be very careful, very selective," he said. "We would not be successful if we simply went out into the transfer market and tried to outgun our competitors.

"We're run in a self-sustaining way, and a way that we believe in, because we believe it gives us certainty for the future and enables us to plan our future with confidence. That means we can't afford to make huge mistakes in the transfer market. We can't afford to outgun competitors that have far more money to splurge on transfer fees than we do. So we have to be very careful, very selective about how we do things."