Arsenal chief Ivan Gazidis says they're actively seeking to add to manager Arsene Wenger's squad.
"We have been very active since the end of the season, secured some key contracts and have positioned ourselves well for next season. I think the club is in a very promising position," the chief executive told the Arse Blog website.
"We made the last four of the Champions League and there are many teams, including some doing the buying, who would have loved to have been in that position.
"So while we were disappointed at the end of the season, this is a young team which is going to improve year by year and, with a few additions, can be very competitive."
Gazidis added: "We are embarked on a journey that we believe will result in us having a truly world-class team, winning trophies over the next five years of Arsenal's history.
"There is tremendous hope and expectation for the future, but I do think this year's going to be a very important one for us, and one where we need to step up and show that after this journey that we have been on, that has required some patience, and at times has been frustrating, we are in a position to deliver for our fans."
