Wenger admitted last week that Arsenal cannot compete financially with either United or Manchester City amid suggestions Sanchez had signed a £500,000-a-week deal at Old Trafford.
The Gunners signed Henrikh Mkhitaryan from Manchester United on Monday as Alexis Sanchez went the other way in a swap deal.
They have also been strongly linked with a move for Borussia Dortmund striker Pierre-Emerick Aubameyang, although Wenger remained tight-lipped when asked if a deal for the Gabon international was progressing.
Arsenal moved ahead of Paris St Germain and up to sixth in Deloitte’s Football Money League as their yearly revenue grew by almost £70million.
Speaking ahead of the Carabao Cup semi-final second leg against Chelsea, Wenger said he will refuse to spend beyond the club’s means as they look to break back into the top four having missed out on Champions League qualification last season for the first time during Wenger’s 21-year reign.
He also risked the ire of the Arsenal supporters by suggesting the club are still unable to out-spend their rivals as they continue to pay off their 2006 move to the Emirates Stadium.
“You have not to forget that we have as well financial restrictions form the banks because we have built the stadium,” he said when it was put to him that Arsenal have spent less than the other clubs in the top 10 of Deloitte’s latest table.
“It is important, we have to respect the financial plan. We work very hard to become richer and we achieve it.
“At the end of the day, we are a serious football club who has responsibilities and we want to spend the money we can afford. If you cannot afford, you have to say ‘no, sorry, can’t do that’.
“After that, we have to spend the money in the most intelligent way we can on the transfer market that has become a bit out of control.”
Adapted from Belfast Telegraph.