Unai Emery has been reassured by the Arsenal board that he will have money to spend on new players next summer, after enduring a frustrating January transfer window in which the club have so far failed to sign any new players.
As usual, Arsenal have been linked with a number of players in this window.
The club have been negotiating with Barcelona over Denis Suárez since the beginning of January, while Ivan Perisic has handed in a transfer request at Inter Milan after Arsenal had a loan offer rejected.
Paris Saint-Germain midfielder Christopher Nkunku - who has previously worked with Emery - is also highly admired at Arsenal and could yet join the club on loan.
However, the club's attempts to recruit new players this month has been severely hampered by their lack of funds.
Arsenal's finances continue to be squeezed by their huge wage bill, as well as the significant amount of money invested over the past two seasons. That has led to a tightening of the pursestrings this winter - something Emery has insisted is only a temporary measure.
"When we have the possibility to buy different players with big quality to help us with their performance, we can do that.
"At the moment though the club is telling me this is not a good moment to buy new players," Emery said ahead of today's match against Cardiff.
Arsenal's squad certainly needs investment. Emery has struggled to find a starting role for the club's highest earner, Mesut Ozil, while Aaron Ramsey will depart for Juventus on a free transfer at the end of the season.
Their defence is also in need of an overhaul. Club captain Laurent Koscielny is 33 and has endured an injury-plagued campaign, while there are serious question marks over Shkodran Mustafi, who has never looked particularly impressive in the Premier League despite his £35m (€40m) price tag.
Independent News Service