By Chris Harris

Arsène Wenger suspects that we could be in for a quiet transfer window this summer with European football still reeling from the recent recession.

A number of clubs have been hit by financial problems and, as most tighten their belts, much will depend on the spending habits of cash-rich Manchester City.

If, as expected, they pay big money for big signings, a fair amount of money will trickle down through rival clubs. But Wenger is warning that transfer activity could still be very light.

"Nobody knows where the market will go at the moment," he said.

"The European market is nearly non-existent at the moment, there are so many clubs who have financial problems. So many countries have financial problems, so it is very difficult to say where the market will be until the first transfers are done.

"What you can basically say is that outside of England, apart from the big clubs, there is no market."

Copyright 2014 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 30 Apr 2010