Arsene Wenger to 'bolster squad with £100m spending spree'

Arsenal manager Arsene Wenger prior to kick-off against Crystal Palace on October 26, 2013
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Arsenal boss Arsene Wenger will reportedly splash out £100m on several new players this summer to compete with Manchester City for the Premier League title.

Arsenal boss Arsene Wenger will reportedly revamp his squad with a £100m spending spree in the summer after signing a new deal with the club.

The Frenchman will reportedly sign a new three-year contract with the Gunners this week and will also be handed a huge transfer budget to compete with Manchester City next season.

Wenger wants to bolster several areas of his team but has highlighted Real Madrid's Karim Benzema and Bayern Munich's Mario Mandzukic as his top targets to bring to the club, reports the Daily Mail.

The 64-year-old also wants to add his midfield and is eyeing potential moves for Bayer Leverkusen's Lars Bender and Southampton's Morgan Schneiderlin.

Micah Richards and Calum Chambers are Wenger's top targets to replace Bacary Sagna at right-back, as the 31-year-old is poised to leave the club in the summer.

Arsenal ended their nine-year trophy drought on Saturday as they beat Hull City in the FA Cup final.

Southampton's Calum Chambers in action against Sunderland during their Premier League match on August 24, 2013
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