By Mark Finlay

Bad news for quite a few Arsenal fans is that Arsene Wenger is ready to commit his future to the club by signing a new contract.

The Frenchman’s contract is up next season and he has already begun talks with Arsenal chief executive Ivan Gazidis over a new one.

After Italian Carlo Ancelotti left Paris Saint-Germain to join Real Madrid there was plenty of speculation that the Ligue 1 champs would make an offer to Arsene Wenger, but instead appointed former France national team manager Laurent Blanc.

“I am committed to staying longer at this club. I’ve already had a chat with Ivan. It went very well, not a problem,” Wenger said.

“The link with PSG is there because I’m French and I know the owners. But if that was the case then I would be there already. I’m not at PSG because my heart is with Arsenal.”

In the meantime Wenger is once again saying that the club is in a great position to spend some money this transfer window, yet despite all the hype of Gonzalo Higuain, Wayne Rooney and now Luis Suarez, no big name signings have arrived as yet.

“They are all realistic targets quality-wise, but not all of them are available to join us,” Wenger added.

“We have better financial resources than the years before and it is resources we have created ourselves. That is massively important to us.

“For years we were out of the race for the top-level transfers but we are coming back now because we are in a better financial situation and also because of Financial Fair Play.”