Former Arsenal striker Jeremy Aliadiere has slammed the club's transfer budget as "ridiculous".
The Gunners have been priced out of a deal for Wilfried Zaha, who Crystal Palace value at 80m.
With a transfer budget of just 45m, Aliadiere has questioned the club's ambition.
"I'm an Arsenal fan," said Aliadiere told 888sports.
"It's frustrating when you see a club like Leicester, who with all respect to them are a smaller club, spending 75m so far this summer yet Arsenal can't seemingly afford to spend the money that Leicester can.
"It's difficult to understand where the money goes.
"There has been talk that Arsenal want Wilfried Zaha who Crystal Palace supposedly value at 80m and we were reported to have offered them half that.
"If that's true, it seems a bit ridiculous and could be seen as disrespectful to Crystal Palace.
"We understand there are high salaries going on Ozil and [Henrikh] Mkhitaryan but surely there is still some money around for transfers."
