Zenit St Petersburg have claimed a £20million move from the Gunners is on the cards for the wantaway 27-year-old.

While Arsenal would like to strike a deal for a player Wenger has long admired, it will not be for anything like that inflated figure.

The Gunners have, as per club policy, continued to keep their intentions under wraps, although Wenger hinted "no news is good news" as negotiations continue.

However, the Arsenal boss insists his squad - which will be without injured captain Cesc Fabregas until April - already has enough talent to compete at the top level.

"Nothing is missing, but you always want to add some quality to what you already have," Wenger said.

"I am very happy with the quality of the players I have and I believe that at the moment we are a bit short number-wise.

"If we can add one or two players then we will do it, but the squad I have is not lacking quality."

Wenger maintains none of his players will be leaving during the January transfer window - including defender Kolo Toure who is set to return to the side against Bolton tomorrow following injury, and after speculation linking him with a £10million move to Manchester City in the wake of a training-ground bust-up and transfer request.

"The situation from Arsenal's perspective is to keep everything quiet and secret and not to talk too much," said Wenger.

"I think tactically the selling club is always more interested to get things public than the buying club, but I cannot confirm or deny anything."

The Gunners boss added: "There is not a lot of money. If you look at the financial situation of the English clubs you will understand very quickly why most of them are quiet."

Arshavin's agent has accused Zenit of trying to inflate the fee for his client, who has even threatened to invoke new FIFA regulations to buy out his remaining contract and become a free agent.

Wenger believes given the current global downturn, clubs can no longer be held to ransom.

"Today on the international market England has lost 40% of its financial potential just because the pound has collapsed completely and is down to the level of the euro," he said.

"That means not only on the level of the transfer market and the transfer price, but the wages too."

Wenger has long been a prudent player in the transfer market and maintains that is not about to change just because people may be crying out for a big-name signing.

"I always try to be intelligent, that is much more important for me than to just give in to any pressure," he said.

"I would always like to think that no matter what kind of decision I make, it has to make sense for the club and for the future of the club."

Arsenal return to Barclays Premier League action tomorrow against Bolton looking to get themselves back into the top four and close the 10-point gap on leaders Liverpool.

Bolton manager Gary Megson has hit out at Wenger for complaining about his team's physical style after their clash at the Reebok earlier in the season.

Wenger responded: "I have never been concerned by commitment. For the rest it is always down to the referee to get the rules of the game respected.

"We are accused of many things, but the one thing you cannot accuse us of is that we always try to play football and never kick people.

"Other teams' behaviour is down to them and we cannot influence that."

Title rivals Chelsea and Manchester United go head to head at Old Trafford on Sunday.

Wenger noted: "The draw would be the best result for us, but first we have to win our game.

"We were not consistent at the start of the season, but in the last six weeks this team are different animals and are really ready to have a go."