Arsenal boss Arsene Wenger has told the club's shareholders that he will have money to buy new players in the summer.
But Wenger insists he will not deviate from his cautious approach to the transfer market despite Arsenal failing to win a trophy since 2005.
And after meeting the directors, Wenger told the shareholders at a question and answer session: "We spoke about funds and yes there is money available.
"The price doubles when you mention a name but we will buy."
Since moving to the Emirates Stadium in 2006, the Gunners boss has focused on nurturing young players rather than capturing experienced stars.
Speaking to the media before the board meeting, Wenger said: "I have nothing against spending money.
"We want to manage this club within its resources. If you want to get the club bust, I'm not the person to do that."
The Gunners balanced last summer's outlay on playmaker Samir Nasri with the sale of Alexander Hleb, Gilberto Silva and Justin Hoyte.
Despite the January signing of Zenit St Petersburg's Andrey Arshavin for a reported fee of £15m, Wenger has come under pressure from fans to increase his spending.
Wenger gave a clue as to where he may splash out after highlighting defence as the main difference between his side and Premier League leaders Manchester United.
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"If you look at the statistics of the two teams, we have scored a similar amount of goals," he said.
"In the passing quality in the final third and in the opposition half, we are as good as Manchester United.
"We have conceded more goals and that is where the difference lies; we have conceded 36, they have conceded 24."
He also admitted any new signings would likely raise the average age of his youthful squad.
"We don't need more players without experience. If we add people it will be with experience," he added.
Billionaire Alisher Usmanov, who owns 25% of the club's shares, is one of those to have expressed concern over the strength of the club's squad after their Champions League exit to Manchester United last week.
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