Arsenal are set to announce the £52million signings of Valencia defender Shkodran Mustafi and Deportivo La Coruna striker Lucas Perez

The double deals will bring an end to the growing pressure on the Gunners manager ahead of Wednesday night’s transfer window deadline.

Arsenal initially turned down the chance to sign Perez last month and Wenger had previously also been reluctant to pay over the odds to sign Mustafi, despite the club’s defensive crisis.

The sudden change of heart had raised suspicions that Arsenal were panic buying and bowing to unrest among their disgrunteld supporters.

But Wenger said: “Look at my face. Am I the face of somebody who does a panic buy?