Arsenal To Give Arsene Wenger £200M For Summer Spending Spree

Things have not gone well for Arsene Wenger and Arsenal this season. After a relatively strong start, the Gunners have been very poor since the start of the new year, crashing out of the Champions League 10-2 on aggregate to Bayern Munich, losing to the likes of Watford, West Bromwich Albion, and Crystal Palace, and falling to sixth in the Premier League, tied with Everton and seven points below fourth-placed Manchester City. As a result, many have been calling for Wenger to leave the club at the end of the season.

According to Metro, despite the calls for him to leave, Wenger is preparing to sign a two-year contract extension. The club is also prepared to back the manager, giving him £200 million to spend on overhauling the squad over the summer. £100 million has already been set aside for transfers and the difference will be made up by selling squad players such as Olivier Giroud, Lucas Perez, David Ospina, and Jack Wilshere.

Mesut Ozil, Alex Oxlade-Chamberlain and Alexis Sanchez are other players that have been rumored to leave the Emirates. Both Ozil and Sanchez have stalled on contract negotiations, however it has been suggested that Sanchez will stay for the final year of his contract. Ozil could also stay if Arsenal shows ambition to challenge for trophies, the reason given to his stalled negotiations. With the expected transfer funds, Wenger will look to buy a goalkeeper, a pair of full-backs, a defensive midfielder, two wingers, and a striker.

Lyon’s Alexandre Lacazette is Arsenal’s main striking target. The club is also targeting Sunderland’s Jordan Pickford and Stoke’s Jack Butland to replace Ospina. Other players mentioned as potential targets are Crystal Palace’s Wilfried Zaha and Celtic’s Moussa Dembele and Kieran Tierney. If Wenger does in fact resign with the club, he will be expected to shake up the backroom staff, with a director of football being discussed among other position changes.