London: Arsenal manager Arsene Wenger insists he has no intention of splashing out on a host of big-money signings during the close-season.
The limitations of Wenger's current squad have been brutally exposed over the last two months as the Gunners crumbled under the strain of challenging for a potential quadruple.
A miserable run of results saw Arsenal's promising season go up in smoke as they lost the League Cup final to Birmingham, crashed out of the FA Cup against Manchester United, exited the Champions League against Barcelona and drew five out of six league games to fall to third in the Premier League.
Arsenal still retain an outside chance of winning the English title, but, after squandering leads against Liverpool and Tottenham in the last week, the club's morale is at rock bottom.
As a result, Wenger has again been forced to defend the make-up of his young team, with fans and pundits adamant he must bring in several experienced stars to bolster the squad for next season.
However, Wenger is determined to stick to his policy of bringing through homegrown youngsters and adding only one or two new faces from outside the club.
"I feel there is always a need to improve the team, but if you look at our season you cannot come to the conclusion we need a massive change. That would be completely stupid," Wenger said.
"We live in a world where when you are the second best by a little everybody says you are rubbish. It is not true. That is the modern world, but it is not the reality.
"We are there, but because we have not won trophies people destroy us completely.
"What is good in our world is that everybody is bankrupt, but the guy who doesn't spend is an idiot."
Wenger admits Arsenal, who moved to the Emirates Stadium in 2006, don't have the financial muscle of the likes of Chelsea and Manchester City as they are still paying for their new ground.
While that frustrates the Frenchman he is confident that Arsenal will continue to punch above their financial weight.
"We decided to develop our own players because we cant buy players like Ronaldo, who cost £85 million," Wenger said.
"The way to fight against these teams is to build our own team with our philosophy and then try to make them.
"Our target was to build a new stadium without dropping from the top.
"We knew it would be a difficult period for four or five years, so we had to make a decision how can we maintain the top with less money available.
"For me we did well. Now, of course, people become impatient. I can understand that completely because I am too."