Arsenal have cleared the way for Arsene Wenger to sign Manchester United's Wayne Rooney.
Ivan Gazidis - Chief Executive at Arsenal Football Club - has said the Gunners can afford to pay Rooney more than £200,000 a week AND Manchester United a £25million fee for the England front man.
Gazidis was adamant only Arsene Wenger will decide whether to bid for the England striker.
But he claimed Arsenal are finally willing to make the stellar signings required for a genuine title challenge, after eight long years.
Asked directly if they could afford the England hitman and his wages, Gazidis said: “I don’t know what his fee would be.
“I’m talking about an extra £70m of additional, high-margin revenue — so of course we could do that.
“We could do more than that.”
Gazidis, who also hinted Wenger is likely to be offered a new deal, said: “We are beginning to see the escalation in our financial firepower.
“That’s going to happen partly next season, it’s partly available now. It means we can spend more on transfers and wages.
"We can look at options that weren’t previously in our financial capability.”
Gazidis added: “We should be able to compete at a level like Bayern. I’m not saying we are there — we have a way to go.
“We are an extraordinarily ambitious club. This has been about putting us up with the best in the world and now the question is turning that platform into on-field success.
“Fans want to see real progression.
“I do believe we can win the title and that’s certainly our ambition.”