Arsenal manager Arsene Wenger has done something he very rarely does; confessed he got something wrong while comes to the club’s transfer policy.

The Frenchman often termed ‘stubborn’ admitted that he has consistently believed transfer fees have peaked, only to be repeatedly proved wrong about this idea.

‘Since I am in this sport I always thought that [transfer fees] cannot go higher up and I was always wrong. And maybe in a few years, it [fees] will be £200m, £300m – who knows?’

Watch Wenger’s confession.                                                        

Wenger has always been heavily cautious in the transfer market, only buying players if he thinks their value is fair. His reputation shows that.

Speaking on Arsenal’s tour of the United States, it seems to be a view he still holds.

Asked about Paul Pogba’s seemingly impending £100m move to Manchester United, Wenger said: “It is completely crazy if you cannot afford to pay it. If you can afford to pay it you can justify it.

“It is completely crazy if you compare it to normal life. That is for sure. But we live in a world where every activity that worldwide makes a lot of money.

“It [football] has become a worldwide competition and that’s why clubs can afford to do it.

“After, does it make sense in the way that the player can give you that investment back? Nobody could ever calculate that, how much a player can bring you back. Only when you sell him again you can make a similar kind of money.”

Arsenal fans are growing increasingly furious at Arsenal’s lack of activity in the transfer market this summer as rivals make major signings. However, Wenger has confirmed he is still on the lookout – albeit with a caveat.

“We are still on the market at the front and the back. Unfortunately, we are not alone.”

Arsenal’s signings this summer:

Granit Xhaka – £38.25m

Rob Holding – £2.55m

Takuma Asano – £3.4m