This summer the Gunners boss broke the club’s record transfer fee by landing £52million forward Alexandre Lacazette from Ligue 1 giants Lyon.
Wenger also brought in Bosnian left-back Sead Kolasinac on a free, in a transfer window in which Premier League side’s parted with more than £1billion.
Arsenal’s rivals Manchester United spent £75million on Romelu Lukaku, while Chelsea bought Real Madrid striker Alvaro Morata for £67million.
Manchester City parted with an astronomical amount of cash to land a number of targets including Kyle Walker, Benjamin Mendy and Bernardo Silva. And on the continent, PSG smashed the world record transfer fee to sign Neymar for £199million.
Speaking out about the incredibly inflated market, Wenger claimed signing players has become “very difficult” for clubs in the top flight.
But despite the fact Arsenal may have been priced out of potential moves, the Gunners boss is happy with the transfers the club has got over the line.
“I am very pleased with our market because we bought good players who can integrate with our style of play,” Wenger told Swedish broadcaster Viasat.
“That’s what we want. On the other hand, it is very difficult. Today, the prices are out of proportion. The transfer market has become very demanding today.
“There is no transfer market anymore because the price depends only on the identity of the buyer and when you are English, you have straight away 50 per cent [extra] on the price of a player and that makes it difficult to act.”
Arsenal were hoping to land Monaco’s highly-rated Thomas Lemar, and saw two bids rejected for the France international.
Wenger’s latest comments suggest he is not prepared to pay over the odds to secure his signature, which will come as a disappointment to the fans.