Arsene Wenger has revealed the latest on Jack Wilshere's injury situation, with the Arsenal manager insisting he will not risk the youngster as he continues to recover.

Wilshere has missed the entirety of the season so far, and has had to watch from the sidelines as the Gunners struggled without their midfielder.

And with the possibility of selection for England in the 2012 Euros in the mix as well, Wenger insists he doesn't feel pressured to quickly bring the 20 year old back for Arsenal.

"He is making slow progress, so we still monitor the situation at the moment," he told the BBC.

"I told you the next three weeks would be decisive. Now we have two weeks in front of us and I cannot tell you more. I will not take any risk with him."

Wilshere's return will no doubt be a big boost for Arsenal, as the north London side continue to fight to stay in the top four, and put pressure on City for second spot.

Meanwhile, Wenger insists that Arsenal will spend their money wisely this summer, after Sol Campbell today accused the club of not being ambitious enough in their transfer policy.

"What has not changed at all is our policy that we will be as ambitious as ever and spend the money we have available, if possible in an intelligent and wise way," he said, as reported by the official Arsenal website.

"We have always spent money because we are ambitious for top-class players and if you look at the history of our last 15 years, we have always had top-class players. Sol Campbell is one of them."

Wenger also insisted that the club have serious ambitions to win the Champions League, with Arsenal coming close to knocking out Barcelona last season and nearly overturning 4-0 deficit to Inter Milan in the final 16 this time around.

"The Champions League is prestigious and it is half league and half cup. That means that at the end, the teams who wins must show real quality.

"All the rest, they are trophies of course and they are important, but they do not really reflect the deep quality of a team. The championship does, and we want to win it.

"Our ambition is intact, to win the championship. It depends on how we finish the season to decide how much we need to buy to have a chance to win the championship next season."