Gunners set to spend big regardless of Champions League qualification.
Arsenal boss Arsene Wenger has been promised significant funds to improve his squad over the summer months according to The Mirror.
The French boss has often been criticised in recent seasons for his frugal spending policy.
But the Gunners boss is known to have been restricted in who he can bring in by the need of the club to pay off the debt on the loan they took out to build the Emirates Stadium.
That debt has now been paid off which should allow Wenger greater freedom to bring in top quality names.
Wenger is thought to be keen to bring in players in a number of positions starting with a new forward.
The club brought in Olivier Giroud and Lukas Podolski last summer but neither player has been able to stamp his mark on the first team.
That could see Wenger make mega-bucks bids for Fiorentina’s Stevan Jovetic and Real Madrid’s Gonzalo Higuain.
The club are hoping that by bringing in a few top class signings this summer, they can restore themselves amongst the country’s elite teams and challenge for the Premier League title.
Arsenal will at least be looking to put to an end a barren spell which has seen them fail to win a trophy in eight seasons.