But Kroenke is allowing boss Unai Emery just £45million for any transfer spendings this summer.
Arsenal chiefs are set to make a trip across the Atlantic this week for a meeting with Kroenke.
It comes after Emery recently admitted he needs to spend if he wants to improve his squad.
He said: ”I think we can improve first, by spending money to achieve players.
Arsenal fans demand owner Stan Kroenke sells club during pre-season protest (Image: GETTY)
Arsenal fans demand owner Stan Kroenke sells club during pre-season protest (Image: GETTY)
“In the past the club have done great work in watching players, finding and signing young players and developing our players in the academy.
"I have big respect for our work, for our players in the academy.
“I want to develop the players here — giving them progress to achieve something at a big club like we are.
“We can also achieve [buy] some players who are in other teams, who can come here and give us this performance—like [Virgil] Van Dijk with Liverpool."
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