Arsenal seemingly aren’t planning to do much business in the January transfer window, other than potentially to move on Aaron Ramsey, according to a report.

The Telegraph write that Arsenal are “unlikely to be active” in the winter window. They add that the club’s transfer team will “be open to offers for Ramsey”, and that the player himself could sign a pre-contract agreement with a club outside England. Other than that, it seems the Gunners are set for a quiet window.

Given the ridiculously tight budget over the summer, perhaps we shouldn’t be surprised. Clearly Arsenal don’t want to invest big at this stage, for whatever reason.

It probably has a lot to do with the club’s second consecutive year of failure to get into the Champions League. We don’t really know when Arsenal will make it back into Europe’s top competition, and until then there are a lot of financial restrictions.

The TV money and prize money are obviously significantly reduced, but sponsorship deals are also harder to come by. Potential partners would obviously prefer the team to be playing matches on the biggest stage.

It’s a shame, because Arsenal could really do with some investment, particularly in the defence and wide-forward areas. Hopefully the team can claw their way back into the top four anyway this season.