Arsene Wenger will sign a new Arsenal contract, and is proving it by planning a huge spending spree in the summer transfer window.

Wenger has left Arsenal in no doubt that he is staying because he is lining up big transfer targets as he looks to strengthen his squad for a title challenge next season.

Gunners boss Wenger, 64, has kept fans guessing about his future because he has still not put pen to paper on a new deal despite telling the board months ago that he was staying.

But Wenger, who is still hoping to nail down a top four finish and win the FA Cup, has already been told he has got £70m-plus to spend this summer and is determined to spend big.

The Frenchman accepts his squad needs strengthening in several areas as he look to bring in a big name striker, new right back, midfield general, wide player and new keeper.

Wenger believes the club’s poor recent form is down to injuries and that has left him convinced that he needs reinforcements to keep up with the likes of Manchester City, Liverpool and Chelsea.