Arsenal manager Arsene Wenger has moved to clear up accusations that he is averse to spending big money on transfer recruits.

With the Gunners failing to attain any silverware for four years, the French tactician has come in for heavy criticism due to the team's lack of experienced players.

The north London club have tended to concentrate on promoting highly-regarded youngsters into the first-team in recent seasons, although they have also acquired the likes of Samir Nasri and Andrei Arshavin.

They have not competed with their Premier League rivals in the transfer market, but Wenger insists it is not because he is reluctant to do so.

"I'm fed up with people who think I have £100 million in the bank yet don't want to spend it," Wenger told Arsenal's official magazine.

"How can people think that?

"The pride of the club is having moved to a new stadium while maintaining the team at the top level."

The Gunners boss is also confident that with a little investment, the current crop have the potential to achieve success.

"We cannot pump £100m into it, so we must keep faith in what we are doing as I believe this team does a lot of things right," Wenger added.

"It does not need to be transformed. When you go on a long unbeaten run in the league and reach two semi-finals as we did last season, common sense tells you that.

"The future looks bright. But I want to add to the squad and I have identified one or two targets. However identifying players and buying them are two different things."

Wenger is wary that the spending power of clubs such as Manchester City will pose a serious threat to the so-called 'Big Four'.

"You can expect them to spend a lot of money so they will be going for it too," Wenger responded when asked whether City might achieve a Champions League qualification position next season.

"There is no guarantee the top four will remain the same."

The representative of Togolose targetman Emmanuel Adebayor, Stephen Courbis, has today revealed that even though Chelsea are yet to make an official approach for the maligned Arsenal forward, Carlo Ancelotti is a known admirer of the 25-year-old as he tried to sign him for AC Milan during his spell at the Italian giants.

"As of today, I have not even got evidence to speak of presumed interest from Chelsea and Manchester United," he is quoted by British tabloid The Sun, as saying.

"It's a given fact that Carlo Ancelotti likes the player seeing that last year he tried to sign him for Milan, although Chelsea have not contacted us.

"Another team has contacted us, but I cannot say anything, it's a very important team," he coyly revealed.

Corbis, though, was keen to stress that club boss Arsene Wenger was not forcing Manu's exit, remarking, "Ade is [not] for sale to resolve Arsenal's economic problems. I spoke with Arsene Wenger this morning and he told me nothing of the kind."

Furthermore, Courbis had alternative words for Italian media, seeming incensed with the latest reports claiming he will leave Arsenal for Italy, and feeling compelled to rubbish them once more.

"I have been receiving phone-calls from Italian journalists all morning. What I can say is that I am unaware of this proposal," Courbis told Tuttomercatoweb.com.

"If you want to know more then you should ask Arsenal as I don't know anything.

"Is there something? I have never said Adebayor would be moving to Italy, and the player is well in London."

According to a report in the British tabloid The Sun, Ajax have failed in an attempt to sign Nicklas Bendtner from Arsenal.

Apparently, the Godenzonen wanted to take 21-year-old to the Amsterdam ArenA as part of the transfer which eventually saw Thomas Vermaelen move to the Emirates Stadium for €12 million (£10.1m).

However, it seems that although the 6ft 5in striker has not been able to hold down a regular berth in the Gunners' starting eleven, he is highly regarded by manager Arsene Wenger who is said to have told Ajax "no deal."

The 26-time capped Denmark international, who has scored eight goals for his country, has been linked with Roma recently.

However, his father has moved to deny reports that he will join the Giallorossi, and Wenger has tipped him to become an integral member of Arsenal's first-team.

Bendtner has scored 24 goals in 90 appearances for the north London-based outfit to date.

According to a report in the local daily The Birmingham Mail, Premier League newcomers Birmingham City are considering making an approach to Arsenal for Armand Traore.

Apparently, the Blues want the 19-year-old to join them on a season-long loan for the 2009/10 campaign with a view to filling the left-back spot.

The France Under-21 international was loaned out to Portsmouth last season where he scored one goal in 28 first-team appearances.

Gael Clichy is currently the first-choice left-back at the Emirates Stadium, but it is unknown whether Gunners manager Arsene Wenger will be willing to loan out Traore, as it has been speculated that Kieran Gibbs may be allowed to leave to play on a regular basis.

Birmingham currently have David Murphy and Franck Queudreu who can operate in that role, but the former is doubtful to be fit in time for the start of the season, and the latter is said to be out-of-favour with manager Alec McLeish.

Cesc Fabregas has launched a scathing attack on 'impotent' Arsenal and says he may consider a move to Real Madrid because of the lack of success at the Emirates. The Spaniard has been heavily linked with a move to Barcelona but says his family would understand if he wanted to go to the Bernabeu so he can finally taste success on the pitch.

It will be at least five years before Arsenal win something and for skipper Fabregas, that is just not good enough.

"The absence of titles at Arsenal is what angers me the most," he said.

"Cristiano Ronaldo said he's leaving Manchester United because he had nothing else to win. For me right now it is the exact opposite, seeing the impotence here.

"This year we wanted it, we were giving everything - but we couldn't reach the level that everyone expected of Arsenal.

"When you win, you're well. But when you don't, everyone is in a bad mood. For four years now, we've needed a title to regain our belief in ourselves."

Fabregas' discontent will worry manager Arsene Wenger. The Spaniard has made his desire to move to Spain public in the past, although it was suggest Barcelona would be in pole position to sign him. Fabregas begun his career at the Nou Camp and his family are staunch supporters of the Catalan club but that does not mean he wouldn't consider a switch to their arch rivals Real.

Of course my family would understand if I signed for Real Madrid because they love me, they want me to be happy and what is best for me," he added.

"They'd support me - whichever club I joined. My family will always be there for me - whatever decision I make. They're the ones who are always by my side."

The two Spanish giants are likely to test Wenger's resolve with a bid for Fabregas and the 22-year-old says he would welcome a change because he is not happy with life in the Arsenal dressing room.

"I am now at Arsenal, where there isn't this social group which is so human, so friendly, a group of normal people like my friends. We don't talk about things too much," he said.