Arsenal manager Unai Emery will get a £75m transfer budget this summer if he can secure Champions League football, according to reports.
Arsenal are in contention to qualify for next season's Champions League as they currently sit in fourth place in the Premier League and are in the Europa League semi-finals.
The majority of that money was spent on goalkeeper Bernd Leno and midfielder Lucas Torreira .
The report states that Emery will have only £45m to spend if the Gunners don't qualify for next season's Champions League. Emery is reportedly looking for a replacement for Juventus-bound midfielder Aaron Ramsey and is also interested in signing a left-back and a winger.
He is also on the lookout for a new striker as Danny Welbeck, (who is currently out injured), is expected to leave the club when his contract expires in the summer.
Following their 1-0 victory over Napoli on Thursday, Arsenal progressed to the semi-finals of the Europa League where they will play Valencia. If the Gunners can find a way past their La Liga opposition, and win the tournament outright, they will be guaranteed a place in next season's Champions League.