By Richard Clarke

Arsène Wenger is free to re-invest the profit he made from his summer trading but feels his “unbelievable” squad can already compete for the title without further investment.

The Arsenal manager sold Emmanuel Adebayor and Kolo Toure during the close season, bringing in only Thomas Vermaelen as a replacement. If you believe the reported figures, that is a profit of around £30 million.

His relative lack of expenditure has been discussed in the wake of recent defeats in Manchester but, speaking at the official opening of the Highbury Square development, the Frenchman put up a robust defence of his position.

“We sold Kolo and Adebayor but bought Vermaelen,” he said. “That money is for me. I know how much I have and I am happy with it.

“But last week we played Wigan. We won 4-0 and on the bench I had Bendtner [while] Walcott, Arshavin, Nasri, Denilson and Djourou were not playing.

“Do we have the squad to compete with the other [‘Big’] four? I say yes.

“We have an unbelievable squad. Where do you put all the talented players?

“I believe we can show that we are not in a position where we need to buy. For me, we are in a position where we want to transform our potential into being real Premier League contenders.”

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 25 Sep 2009