Arsenal manager Arsene Wenger feels whatever Chelsea and Manchester City do will dictate how much serious business is conducted during the transfer window.

He said: "As many people say - I have the money, I have the desire, but I do not have the player.

"I do not know what will happen [in the transfer window generally].

"Basically, it depends how the big guns - Manchester City and Chelsea - will move. Where will they buy? If they buy from English clubs, the market will be busy.

"If they do not buy from English clubs, I think the market will be very quiet because there is not a lot of money around."