Mikel Arteta gives an update on transfer plans while making a £100 million remark about Arsenal.

Declan Rice, who was signed by Arsenal for £105 million from West Ham United last summer, smashed the club’s transfer record. It doesn’t seem likely that Arsenal will make another pricey summer acquisition.

Mikel Arteta dismissed the notion that Arsenal would have another summer transfer window characterised by record-breaking activity.

Arsenal made a significant financial investment last July by acquiring Declan Rice from West Ham United for a sum of £105 million. Arsenal broke their transfer record to sign the defensive midfielder. Throughout the 2023/24 season, Rice played in 51 matches and scored seven goals while providing 10 assists.

Although Rice’s recruiting was successful, Arteta does not plan to make such extravagant expenditure a regular occurrence. The Spanish coach expressed his contentment with the personnel now available to him.

“We have no anticipation of undertaking a similar task.” “That is the actuality,” Arteta stated while on a pre-season tour in the United States. “We must exercise patience and observe the fluctuations in the market.” We have already identified the areas in which we can make enhancements.

“The meetings took place in February, March, and April.” If it is possible, we will enhance the team. Thus far, I am exceedingly content with the current state of affairs.

Arsenal’s summer transfer window has been largely uneventful until more recent developments. David Raya became the club’s first official transfer when he permanently joined from Brentford after a successful season at the Emirates Stadium last year.

The acquisition of Riccardo Calafiori from Bologna on Monday represented the club’s inaugural addition to their roster. Arsenal reached an agreement for approximately £40 million to acquire the services of the defender, bringing the total amount spent on defenders (11) during Arteta’s time as manager to almost £240 million.

Arsenal is actively seeking a new forward to alleviate the goal-scoring responsibility now placed on Bukayo Saka. The club has been associated with Sporting CP attacker Viktor Gyokeres and Bayern Munich’s Leroy Sane.

Arsenal may witness the departure of players from the Emirates before the conclusion of the transfer window. Emile Smith Rowe, a former student of Hale End academy, appears to be the initial player to depart. The 24-year-old has decided to cut short his participation in Arsenal’s pre-season tour in the United States in order to undertake a medical examination at Fulham.

Smith Rowe became increasingly exasperated with the abundance of talented attackers available to Arteta. His departure marks the conclusion of a 14-year odyssey in north London.