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Arsenal chairman gives Wenger the go-ahead to spend in January

Arsene Wenger has cash to spend when the window reopens.

Arsenal may have lost Robin van Persie and Alex Song during the summer, a year after also losing Cesc Fabregas, Samir Nasri and Gael Clichy, but they have started the season in impressive fashion. The Gunners have won both of their UEFA Champions League group matches, whilst a 3-1 win at West Ham United on Saturday sees them tucked into fifth position in the Premier League after seven fixtures.

Wenger used the cash generated by sales wisely during the summer, bringing in Santi Cazorla, Lukas Podolski and Olivier Giroud. And although the latter has been slower than the other two in adapting to life in England, the early signs are that the combined outlay of over £40million has been money well spent.

And the Emirates Stadium faithful will now have more reason to be optimistic at ending the seven-year wait for silverware, after chairman Peter Hill-Wood revealed there is still cash left in the pot for Wenger to further boost his squad in January.

“If Arsene wants to use that money during the winter window then, ­absolutely, he will be able to do it,” he said. "We rely on him to come up with the right people and there will be funds available to him. If Arsene decides he wants more players but if the manager wants to ­reinforce the squad in January, he will be able to do that.”

Arsenal have been linked with Radamel Falcao (pictured), the Colombian international, who is proving to be one of the hottest strikers in Europe this season. The Atletico Madrid ace hit a hat-trick to sink Chelsea in the UEFA Super Cup, and seven goals in just five appearances have catapulted the Vicente Calderon side into second place in the La Liga standings.

If Wenger decides to bid for the 26-year-old, either in January or at the end of the season, he would certainly have to break the club record fee for his signature. Falcao remains under contract at Atletico until the summer of 2016, and is rated in the region of £35million.

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