Arsene Wenger
Wenger reassures fans that the club are working on adding to the Arsenal squad. (Reuters)

Arsene Wenger has distanced himself from reports suggesting Arsenal are set to seal a "spectacular" transfer but has reassured fans the club are working tirelessly to add new faces to the squad.

The Gunners are expected to delve into the transfer market in the coming weeks after promises from chief executive Ivan Gazidis that the club are ready to support Wenger in all of his transfer dealings this summer.

Despite being heavily linked with a £35m bid for Liverpool's disenchanted forward Luis Suarez and a move for Real Madrid's Gonzalo Higuain, the club's only incoming business to date is a deal for 20-year-old Frenchman Yaya Sanogo.

But in efforts to reassure frustrated Gunners, Wenger insists the club are working behind the scenes to address concerns over the side's ability to compete for honours next season, but has asked fans to show patience.

"You want me to announce a spectacular signing but I can't," Wenger told a press conference in Vietnam as the club continue their Asia tour, the Mirror report.

"But we are working behind the scenes to strengthen the squad."

Arsenal's inability to secure a single piece of silverware for the eighth season running has left fans desperate for the club to address the concerns that have also seen them fail to finish in the top two of the Premier League since 2005.

Although the Frenchman insists the club will be a stronger position come the start of the new season, he also believes the array of managerial changes at clubs competing at the top of the league will work to Arsenal's advantage, particularly the upheaval that has taken place at Old Trafford.

"The next Premier League season will be interesting. May teams can will the Premier League. Chelsea will have a good team," Wenger continued.

"The fact Sir Alex Ferguson has retired brings some uncertainty to Manchester United - but Moyes is there and I'm sure they will be candidates to win the Premier League."