Arsene Wenger has denied reports that Arsenal are set to make a big-money bid for Real Madrid striker Karim Benzema.
The London club were said to be ready to lodge a £40million offer for France striker Benzema as they target a tilt at the Premier League title.
He said at a media conference in Singapore: "I don't know where that story comes from, but that is not happening at the moment.
"I am happy with the squad we have. If I find an exceptional player to strengthen, I will do it.
"It depends what's on the market. It is not easy, there are a lot of teams out there in Europe competing for the same player. We don't rule it out and [also] don't guarantee we sign.
“[The Premier League title] is our target and we feel we have a chance in a very competitive league. We are not far away."
