Arsenal chief executive Vinai Venkatesham has confirmed the club are ready to back Mikel Arteta in the transfer market this month - but also stressed that the Gunners are "happy" to work with their current squad instead of overpaying for targets.
Arteta's men are currently five points clear of Manchester City at the summit of the Premier League following their sensational start to the season, and the Spaniard would like to supplement his squad in the January transfer window to keep their unlikely title dream alive.
The Gunners are in the market for attacking reinforcements and have been locked in talks with Shakhtar Donetsk over a deal for winger Mykhaylo Mudryk, who is believed to be their top target. Another striker could also be on the agenda after summer signing Gabriel Jesus underwent knee surgery last month.