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From John Cross in Jakarta

Arsene Wenger is ready to usher in a new era of success and big spending by committing his own long-term future to Arsenal.

Gunners manager Wenger confirmed he has begun talks about extending a contract that expires next summer.. and also insisted big names such as Luis Suarez, Wayne Rooney and Gonzalo Higuain are all "realistic targets."

To that end, Wenger is set to go back with a new approach for Liverpool striker Suarez, after having an enquiry knocked back last week.

And Arsenal are now ready to compete with the Manchester clubs and Chelsea in every sense.

Wenger, talking after the north Londoners flew here to Indonesia for the first leg of their Asian pre-season tour, believes it will be an exciting new era - and dismissed the notion he is being lined up by Paris Saint-Germain next summer.

"I am committed to staying longer at this club," said the 63-year-old. "We have already had a chat, myself with Ivan (Gazidis, Arsenal's chief executive). It went very well, not a problem. I want to do well for the club and this is an important season for me as well.

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"I'm linked to PSG because I'm French. I know the owners. But if that was the case then I would be there already.

"My heart is with Arsenal.

"I told you, I'm not at PSG because my priority is always to Arsenal. What I will always do is not use my longevity as an advantage to stay in this position if I don't do well."

Wenger's main aim for next season is to get Arsenal back among the Premier League's contenders - and he insists they want to bring in top quality.

When quizzed on Suarez, Rooney and Higuain, Wenger said: "They are all realistic targets, quality-wise, but not all of them are available to join us.

"First of all, all those players are under contract and it is the club that decides their contract, they decide if they can go and after, if they go, if they can join us.

"We have better financial resources than the years before - resources we have created ourselves. That is massively important to us.

"We will see what we can do until the end of the transfer period, and certainly before the new season starts. That's what we are working on at the moment.

"The fans, the players and everybody is reassured by big names, always, but what is important is that we don't need numbers, we need quality.

"For years, we were out of the race for the top level transfers, but we are coming back now because we are in a better financial situation on that front and also because of Financial Fair Play.

"We want to bring in players and strengthen the squad. I expect that to happen. We are working very hard on it and I'm confident we will be able to do it."

Arsenal have new financial clout because of big-money commercial deals with Emirates and Puma, which have left fans dreaming of not just a big-name striker but top quality in midfield - such as Everton's Marouane Fellaini - as well.

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Wenger is anxious not to damage the spirit in the dressing room which carried the Gunners to a Champions League place at arch-rivals Spurs' expense again last season.

But he admits he wants to be challenging for the league title and believes the fact all the other contenders have changed their manager this summer could give Arsenal an advantage in terms of stability.

Wenger added: "The excitement is there, of course, because it is something new. And during this season our opponents have changed managers, Chelsea, Manchester City and Manchester United, this is the first time. Is it more open than before? We don't know, nobody knows.

"We are in a position where we want to compete for the Premier League, of course. What was frustrating to me is that we could not necessarily give to our fans what they expect from us and that is the most frustrating thing.

"I knew when I committed to my last contract, and the contract before, that the club was going through a very sensitive period, because we had less financial resources and the challenge to stay at the top in the Champions League.

"I knew that was a very difficult period.

"Of course, it is not enough. We want more.

"We are coming out of that period and I hope in the next two or three years, the club will be competing every year for the Premier League."