By Nick Teale
Arsène Wenger believes Andy Carroll's £35million price tag was inflated by the fact Liverpool received £50million from Chelsea for Fernando Torres.
The Reds had already purchased Luis Suarez from Ajax when Torres joined Chelsea on the final day of the January transfer window. In need of a replacement and with funds from the Torres deal in the bank, Kenny Dalglish's side were able to splash out on the Newcastle striker.
"It was a transfer where one goes in and one goes out, which explains the exact amount of the transfer," said Wenger.
"You do not consider they have spent that money - they used the money they got from the Torres transfer on two players, and for me they have done well.
"I think this kind of transfer was a bit special because what went on Carroll came from the Torres transfer. In this kind of opportunity you can understand that the club spends the money because they got it in on the other side."Copyright 2015 The Arsenal Football Club plc. Permission to use quotations from this article is granted subject to appropriate credit being given to www.arsenal.com as the source