Here we are heading into August and Arsenal is yet to make any new signings if you do not include Yaya Sanogo in that equation.

At the start of the summer Ivan Gazidis Arsenals chief executive told the clubs fan base that a war chest of funds was available for manager Arsene Wenger to bring in some quality top name players, even going so far as to say that they would have no trouble matching Wayne Rooney’s £250,000 per-week wages.

With a reported £70 million available the question must be asked why Arsenal are yet to spend any money when all the top teams around them including north London rivals Spurs have been very active in the transfer market?

First there was talk of Fiorentino’s Montenegrin striker Stevan Jovetic joining the Gunners only to see him sign for Manchester City.

Next in line was Real Madrid’s Argentinian striker Gonzalo Higuain who when told he had agreed terms looked like being the clubs first signing only to find out later that Wenger would not add the couple of extra million that Real Madrid wanted so lost out to Italian side Napoli who had no problem paying the Spaniards asking price.

A bid has been made of £40 million for Liverpool’s Luis Suarez, but again it is doubtful that Wenger will pay the price Liverpool want for their top goal scorer.

Even Everton’s Marouane Fellaini would be a good fit in the team yet the asking price is again too high.

Have a listen to Guardian writer and Arsenal fan Amy Lawrence on why she feels Arsenal is having problems signing players.

Is it all Wenger’s fault?