Club officials have splashed out on two club-record transfers in the past two transfer windows, spending more than £100million on Pierre-Emerick Aubameyang and Alexandre Lacazette, and they are now planning to tighten the purse strings.
The new manager will, therefore, largely have to sell before he buys or work to develop the current squad, according to the Telegraph.
Meanwhile Manchester City are expected to drop £50m on Jorginho alone, and Manchester United are set for another heavy summer spend under Jose Mourinho.
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But Arsenals new manager will not be afforded the same luxury, with club chiefs keen for the club to continue the tradition of allowing young players opportunity in the first team.
Head of recruitment Sven Mislintat will largely take control of new arrivals. He doesnt believe that Arsenal need new attackers and will instead focus on adding defenders and midfielders to the squad.