Arsenal chief executive Ivan Gazidis insists the club's main objective is to win major trophies and to continue reinvesting to improve the quality of the team.
The Gunners have spent over £200m in transfer fees over the last three years, with Alexandre Lacazette and Sead Kolasinac their most recent additions.
Gazidis has reiterated that Arsenal remain motivated to compete for titles both locally and in Europe, and will give manager Arsene Wenger all available revenue to invest in players.
“Our ambition is clear – to win major trophies," Gazidis wrote in the club's full year results.
“In order to compete at the top, we need to strive to be better than our competitors in everything we do.
“That is why during the past season we have continued to make substantial investments to drive the club forward.
“At the top of the pyramid, we have scaled up our investment in our first team squad significantly in recent years, spending a net £203m in transfer fees in the last three seasons.”
He added: “We will continue this long-term approach of progressively reinvesting all our available revenue in our playing resources as we look forward.”