Arsenal manager Arsene Wenger believes it won't be long until football has its first £200million player following Manchester United's world-record move for Paul Pogba this week.

The Red Devils completed the signing of the France international from Juventus for a fee of £89.5million on Tuesday shortly before Manchester City recruited centre-back John Stones from Everton for nearly £50million - making the England international the second-most expensive defender in the world.

Wenger's most expensive acquisition this summer has been the £34million capture of midfielder Granit Xhaka from Borussia Monchengladbach, but the French coach believes transfer fees will continue to rise as more money pours into football from sponsorship and TV deals.

When asked how long it could take for players to be sold for £150million or £200million, Wenger said: "Not long.

"I have said that since I have been in the game at some point it has to stop, but as long as football continues to develop and become more popular more money will come in.

"What is interesting to see is that today, you have a local business and you just want to survive or you have a world business and the money comes in, whether it is Google, Facebook, football or any other sport, they are worldwide so you can’t set any limitations in the income.

Arsenal's most expensive transfers 10 show all Arsenal's most expensive transfers 1/10 Pierre-Emerick Aubameyang - £56m Arsenal 2/10 Alexandre Lacazette - £45m Could rise to £52.7m subject to add-ons Arsenal FC via Getty Images 3/10 Mesut Ozil - £42.5m 2016 The Arsenal Football Club Plc 4/10 Alexis Sanchez - £35m Stuart MacFarlane/Arsenal FC via Getty Images 5/10 Shkodran Mustafi - £35m Stuart MacFarlane/Arsenal FC via Getty Images 6/10 Granit Xhaka - £33.8m Stuart MacFarlane/Arsenal FC via Getty Images 7/10 Bernd Leno - £22m Arsenal FC via Getty Images 8/10 Jose Antonio Reyes - £17.4m 9/10 Lucas Perez - £17m Arsenal FC via Getty Images 10/10 Andrey Arshavin - £16.95m Getty

"If football continues to be popular it may become much higher in the future."

Wenger will be hoping to go one better than Arsenal's second-placed finish from last season this term, with the Gunners having failed to have won the top-flight since 2004.

Despite the likes of United and City significantly strengthening their squads this summer, Wenger insists several teams stand a chance of winning the Premier League this season, including Arsenal.

"Never before [have so many teams been in the title race], but that can make it easier as well," he said.

"In that way everyone can drop points. There can be not one team that just walks away with it and nobody can catch.

"The hope will be alive in the Premier League for everybody maybe longer than ever and so on that front, if you are consistent, it can as well be easier."