Arsenals manager Arsene Wenger is confident that his squad of young players is ready for the season ahead regardless if he is able to buy any new players this summer or not.

This all sounds like the old Wenger that Arsenal fans either love or hate, and now that the club is in a very strong position financially to add some real talent the 63-year-old Wenger just does not seem able to grasp the reality of the modern game where clubs are spending as in the case of Tottenham’s Gareth Bale world record breaking amounts of money in order to compete with the best.

So far during this transfer window the Frenchman has been unable to sign any of the players that he has wanted being outbid by other clubs every time.

Arsenal directors if they want the club to compete at the highest level might have to come to the conclusion that they might need to replace Wenger with a younger manager who is not afraid to be more aggressive in the market.

While we can agree that the Gunners have a good squad without the inclusion of a few new players they will find themselves competing for that fourth place slot again next season.

“We are still working on improving our squad but we have a base of young players who get a chance here and who started in the Premier League, such as (Wojciech) Szczesny, (Carl) Jenkinson, (Alex) Oxlade-Chamberlain, (Jack) Wilshere, (Aaron) Ramsey, (Theo) Walcott – that is unique, nobody else has done that”, said Wenger.

“These players can have a special bond and they are on the way upwards, they are not over the hill.

“They will be better next year and that is why I am confident we will be stronger next season.

“We had a fantastic end to the season because we won eight of our last 10 (league) games.

“We have had a good pre-season and for the first time in recent seasons we have not sold any player (we have wanted to keep).”

Ever the financial watchdog Wenger has managed to slash the wage bill after getting rid of record club signing Andrey Arshavin back to Zenit along with Sebastien Squillaci and possible departure of Gervinho to Roma.

Wenger has a reported £70 million to spend, and despite bidding £40 million plus £1 for Liverpool’s Luis Suarez can anyone see him bidding the £55 million Liverpool is asking?