Arsene Wenger has £35m to spend on January transfers

Arsene Wenger will be handed a £35million war chest in January as Arsenal look to build on their impressive start to the season.

The Gunners, who have lost just once this term, turned in a dynamic display at West Ham on Saturday to overhaul a 1-0 deficit before running out comfortable winners.

Goals from Olivier Giroud, Theo Walcott and the impressive Santi Cazorla sealed a 3-1 victory which takes the north London club up to 5th in the Barclays Premier League table.

Wenger lost Robin van Persie to Manchester United in the summer, while Alex Song joined Barcelona.

The duo however, were swiftly replaced by Lukas Podolski, Giroud and Cazorla. And Gunners chairman Peter Hill-Wood insists there's more money for Wenger, who is without a trophy since 2005, to spend in January should he require it.

'If Arsene wants to use that money during the winter window then, absolutely, he will be able to do it,' Hill-Wood said.

'We rely on him to come up with the right people and there will be funds available to him.'

Speaking to the Sunday Mirror, Hill-Wood added: 'We have been very pleased with the start.

'But if the manager wants to reinforce the squad in January, he will be able to do that.

'The financial results were good and we want to put that money to use if Arsene decides he wants more players.

'I like to think that the profit shows we are running the club on the right lines.

'We are not able, for instance, to be able to afford to write off £180m. That is not how we work.'