Arsenal are handing manager Arsene Wenger a massive transfer warchest to reshape his squad this summer.

The Sunday Mirror says Wenger has been handed a staggering £165 million budget by Arsenal owner Stan Kroenke.

But Wenger is under orders to spend the cash and make FA Cup winners Arsenal competitive again in the Premier League as part of his deal to stay on at The Emirates.

The manager has been accused in the past of not committing Arsenal's riches to good use in the transfer market, but he's been told to bring in top quality stars by senior officials who want an immediate return to the Champions League – and silverware next season.

Wenger plans to spend heavily regardless of whether Alexis Sanchez puts in a transfer request or not with the Chilean strike star wanted by Arsenal's Premier League rivals Chelsea and Manchester City.