The Gunners have spent over £50 million on Alexis Sanchez, Calum Chambers, David Ospina and Mathieu Debuchy this summer, but continue to be linked with the likes of Real Madrid midfielder Sami Khedira and Sporting Lisbon star William Carvalho.
Yet Wenger has now revealed that the club are not actively attempting to finalise any deals.
“Not at the moment, no,” he told the Gunners’ official website when asked if a transfer was close. “I have nothing special to add on that at the moment. Honestly, we are not close to signing anybody.”
Wenger admits the club are “short” in defence but hopes to be able to field World Cup winning centre-back Per Mertesacker - along with compatriots Mesut Ozil and Lukas Podolski - in this weekend’s Premier League clash with Everton.
"We are a bit short at the back, yes you're right," he added. "But we should have Mertesacker and Ozil and Podolski available again at the weekend. Let's hope they are in good shape when we go home."