It is understood that around £100 million would be available for squad strengthening, although this figure includes wages as well as transfer fees.
On a signing of Mesut Özil’s magnitude, the wages over the five years of a contract would amount to a similar commitment to the transfer fee.
It all means that Arsenal can afford a world-class striker in the £40 million price range this summer and still make one or two cheaper but substantial additions in other positions.
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