"Arsenal" can allocate 120 million euros for new football players © EuroFootball.com

London's leaders, unsatisfied with the results, are planning to allocate 120 million euros to coach Arsene Wenger to buy new football players this summer.

Initially, a sum half as small was planned, but later it was decided to invest more, reports "The Telegraph."

In the English Premier League, the "Gunners" currently hold the fourth place, but are actively competing with London's "Chelsea" as well as with closely following clubs "Newcastle" and "Liverpool."

In addition, "Arsenal" practically ended their UEFA Champions League campaign, as they lost the first leg of the round of 16 match to "Milan" with a score of 0-4.