Arsenal chairman Peter Hill-Wood insists they will not be panicked into making signings this month and warned that big-money benefactors could be "run over by a bus" and ruin the club.
Arsenal remain in contention for four trophies this season, but there have been calls for further investment during the January window to provide cover for injuries.
Arsenal need a another defender, chances are that Wenger will get someone who is cheap and has already passed his best years.