Arsene Wenger vehemently denies panic buying at Arsenal

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With Arsenal about to spend close to $70 million on two new players in the final days of the window, Arsene Wenger has been accused by many of “panic buying” to help quell fan unrest.

Seriously, can this guy win?

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So often the subject of discontent for Arsenal not spending enough cash, now Wenger is being slatted for lining up deals for center back Shkodran Mustafi and striker Lucas Perez.

Speaking to the media ahead of Arsenal’s trip to Watford on Saturday (Watch live, 10 a.m. ET online via NBC Sports) Wenger smiled as he delivered this opening comment when asked if the imminent arrival of Mustafi and Lucas were a result of panic late in the transfer window.

“Look at my face. Is this the face of someone who tends to panic buy?” Wenger said. “No, it is the case that everybody is waiting to get the deals done. When a [foreign] club wants to sell to an English club today they ask for a huge amount of money. So it takes a long time to settle [on a price]. In the next two or three days everybody will find agreements.”

Wenger is right.

With the huge influx of cash across the PL, teams across Europe know the PL has a lot more money to spend this summer and the prices are going through the roof.

In fairness to Wenger, the deal for Mustafi has been rumbling on all summer long with Valencia driving a hard bargain and Arsenal finally agreeing to pay $46.2 million for the 24-year-old German international.

Perez seems  like more of a panic buy with the Deportivo La Coruna striker costing $22.5 million after scoring 17 times in La Liga last season. The 27-year-old Spaniard has had a nomadic career to date but with Everton interested in his services, Arsenal have jumped in at the last minute with concerns around the long-term fitness of Danny Welbeck and only Olivier Giroud around.

If these two deals do go through then Arsenal and Wenger will have spent the third-highest amount in the PL this summer behind Manchester City and Manchester United who have completely obliterated the transfer market.

Even if these are “panic buys” from Wenger, you can no longer accuse Arsenal of not spending money. Arsenal’s fans will have to find something else to moan about now as Wenger enters the final year of his contract.