If you had £15m to spend, what would you do with Arsène’s money?

It seems the plight of every Gooner thesedays is to wait nervously during the transfer windows, wondering who or when Arsène Wenger will make a foray into the transfer market.

I’m proud that the club is seeking to be self-sustaining and I believe that it could well reap dividends.

But while there is certainly some young talent at the club, we need some inspiration and wise older heads to give the young Guns some support and wit, especially with players such as Cesc Fabregas and Tomas Rosicky out for most of the season.

It’s easy to forget that Eduardo will be back within a few weeks – it will almost have been a year since he last played – and his intelligence will provide an additional spark going forward.

But everyone knows we need new faces.

The question is, will Wenger buy anyone, and if so, is it really wise to put all our eggs in the Andrei Arshavin basket?

I have such mixed feelings about the Russian playmaker. He can pick out a pass, he can shoot and cross and take opponents out of the game with ease, and those are skills we miss in huge quantities at present.

It's been a while since we last won a Premier League match by a thumping scoreline....Blackburn in September seems a long time ago.

Arshavin would excite the fans and show that we can sign big name players who will add something special to the team.

But remember, Arshavin was under the radar for years and only came to prominence during Zenit St Petersburg’s UEFA Cup run and Russia’s Euro2008 achievements last season. At 27, wouldn’t you have expected him to have done more to attract the attention of higher profile clubs before now?

People talk about the likes of Yaya Toure, who Wenger has rejected once already, and Scott Parker, who for me has never reached the heights his talents deserved, but his injuries underline why that is the case.

There is talk this morning as well of us signing Fulham’s Jimmy Bullard and Brede Hangeland.

If we could get the pair for £10m plus Alex Song or Manu Eboue, that has got to represent great business.

Think about it. They’ve used to playing in England, they bring free kick and creative wit on one hand and aerial presence and robust defending on the other and they wouldn’t even have to settle in by moving houses.

If Wenger is considering making a £15m bid for Arshavin but opted for the deal above instead, he’d still have some cash over to bring in the shield in front of the defence that we so desperately need – the water carrier as it’s been labelled.

Your guess is as good as mine who that player might be – and with the sell-on fees Arsenal have accumulated in the last year alone (B*ntl*y, Muamba and Diarra), let alone the players sold, I cannot believe he doesn’t have the money to do some serious business this month.

But we’re almost halfway through the transfer window now and, with no midweek games for the past fortnight, now would have been the perfect time to get deals signed and sealed.

The Wenger excuse of “I just haven’t had the time” won’t wash anymore.