Arsenal's new manager will be given a limited budget for the summer market, it has been revealed.

The Daily Mail says Arsenal are seeking a strict disciplinarian to shake the club out of its malaise as it emerged that the new manager will have as little as £50million to spend on transfers this summer.

After two years of heavy investment, the club will rein in spending this summer.

Arsenal have broken their transfer record twice in signing Alexandre Lacazette and Pierre-Emerick Aubameyang, who cost a combined £112m, over the past 12 months.

The club have also raised their wage bill significantly this season. Mesut Ozil more than doubled his wages to £350,000 per week, and Henrikh Mkhitaryan and Aubameyang are both on big contracts.

With that in mind, Arsenal chiefs want to appoint a hardline boss as they look to extract every ounce of potential from their existing squad.