Theo Walcott, whose current contract is set to expire in the summer, is yet to sign a new deal with the Gunners despite reportedly having agreed terms on an extension.
Wenger, who is desperate to tie Walcott down to a new deal, admits that his spending power has been restricted by the move from Highbury to Emirates Stadium.
But the 63-year-old is adamant that the club is in a strong financial position and he is now ready to splash the cash in the transfer market.
“My plan is to keep all the players we have and then to add maybe if possible two new players to the squad. We will spend big,” Wenger told Al Jazeera Sport, broadcast on talkSPORT.
“We had restricted finances because we had to pay the stadium back. Look at any other club that has done that, they have gone down.
“We stayed at the top level, yes without winning the Premier League, but we are always at the top level and now we have come out in a much stronger position financially. So we can spend.
“But our way is a bit like Barcelona as well, to produce the core of the team from inside and add from outside the players who give really a plus.”
Wenger’s side are currently in sixth place in the Premier League table and 21 points behind leaders Manchester United.
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