Arsenal boss Arsene Wenger will be given funds for transfers according to club chairman Peter Hill-Wood.

Hill-Wood says Wenger will be given funds for transfers in the January transfer window as the team have slipped to fifth on the Premier League table after losing five matches.

Hill-Wood said: "He certainly has money if he wants to spend it.

"There have been suggestions we keep stopping him from buying - that is not the case.

"He's very sensible with the way he approaches the transfer market, he's not going to buy anybody just because the press or fans say he should.

"He's only going to buy somebody if he thinks they're going to improve what is a young squad but a very talented one."

He added: "I certainly want to finish in the top four in the league, and perhaps (win) the Champions League.

"We've played pretty well in Europe on the whole so far, and that would be very nice.

"We got to the final in Paris. We've been up there, and it would be wonderful to win that."