Mikel Arteta has stated his desire for Arsenal to match Newcastle and the Premier League's top teams in the transfer market.
The Gunners spent £114.5m ($144.6m) last summer, the least amount of any top six side with Newcastle added to the list as well. Compared to Chelsea it was less than half their mammoth total and it was nearly doubled by the Toon as well.
Their spending has come in previous seasons where Ben White and Aaron Ramsdale joined the club for over £80m ($100m) combined but their other deals were conducted for less money. They are now getting the reward for investing in younger players.