Arsenal manager Arsene Wenger says he will spend the money to strengthen his squad amid rumours that Shkodran Mustafi and Alexandre Lacazette will join his squad this month.
Recent reports have claimed that the Gunners will add a defender and a striker before the end of the summer transfer window.
And the Frenchman confirmed that he is working "very hard" to find the right players before deadline day.
"[Shkodran Mustafi?] I believe it is better I don't speak about any individual player," he told reporters.
"We are working very hard. You are absolutely convinced that I don't want to spend the money, but I would like to reassure you that we are ready to spend the money we have.
"As always, not the money we haven't got [because] it is not my money.
"[Alexandre Lacazette?] We do not talk about individual players.
"I told you already what the are the criteria for the price of a player but you could add one more: the identity of the buyer. When the buyer is English, it is true that it multiplies the transfer by two or three or sometimes by 10 because if for the same player an English club does not come in, he is worth five million.
"But if an English club comes he is worth 35 or 40 or 50."