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Despite the Barcelona, Manchester United and Liverpool men being linked to the club, the Gunners boss has played down reports of any imminent signings taking place

Arsenal manager Arsene Wenger has revealed the club are no nearer to finalising any transfer deals for new signings.

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The long-serving Frenchman has been handed a bumper transfer war chest this summer but has so far only brought in France Under-20 international striker Yaya Sanago on a free transfer from Auxerre.

But with fans hopeful of a major investment this season, the 63-year-old has warned the Arsenal faithful that another signing may not come any time soon.

“The competition in Europe is very hard at the moment,” Wenger told reporters.

“There’s a lot of money and not many players. We work hard but we are not close to signing anybody.”

Arsenal are currently in Asia as part of their pre-season preparations, where an Olivier Giroud hat-trick helped the Gunners record a 7-1 win over Vietnam.

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