Chief executive Ivan Gazidis may have talked up the Gunners' new ''financial firepower'' at the end of the last campaign - another which ended without any silverware - but so far the only confirmed signing has been France Under-21 forward Yaya Sanogo - on a free transfer from Auxerre.
Arsenal failed to push through a deal for Real Madrid's Gonzalo Higuain earlier in the summer, and Bayern Munich's Brazil midfielder Luiz Gustavo has joined Wolfsburg.
While the Gunners continue to pursue Liverpool striker Luis Suarez, the bid would have to be considerably closer to £50million to kickstart negotiations, and with the player back in training with the Reds it appeared a reconciliation had taken place with manager Brendan Rodgers.
Lille winger Florian Thauvin is another said to be on Wenger's radar, as is Romania forward Ciprian Marica following his release by Schalke.
Gunners manager Wenger insists it is top quality, not just quantity, which his squad needs for the challenges ahead.
"You certainly heard that we are not scared to spend money, but we want the right players," said Wenger, who confirmed midfielder Mikel Arteta was set for an extended spell on the sidelines with a thigh injury and will miss the Premier League opener against Aston Villa.
"At us, Chelsea and Man United, it is difficult to find the quality players to strengthen the team and the squad who are available at the moment, but there are a shortage of top, top, top players who are available.
"We look more for quality than for numbers. The first request is to have the quality to play for Arsenal Football Club. Yes, we would like two or three players, if possible more, but we will not compromise on the quality of the players.
"I understand every frustration, you have so many frustrated people, but what is important is the quality of what you do on the pitch, so let's not create a crisis from nothing."
Source: PA
Source: PA