Arsene Wenger rejected claims the Arsenal board failed to back him in the transfer market and indicated he is only interested in signing "exceptional" players in January.
Alisher Usmanov, the club's second-largest shareholder, claimed Wenger, should have been given more finance for new signings after Robin van Persie became the latest high-profile player to leave the Gunners in the last transfer window.
Yet after recovering from the humiliating League Cup quarter-final defeat to League Two side Bradford by beating Reading 5-2 on Monday, Wenger reiterated his belief that Arsenal's current crop of players are good enough to have a successful season.
"What is important is this team develops in the way we want to play," Wenger, whose side travel to Wigan today, said.
"I saw some interesting aspects at Reading. Let's see how far this team can go. If we can add one or two exceptional players, we will do it.
"What we do not want to do is add players just because people put us under pressure to buy players. That is where we have to be strong enough. If we find a player who will give us something special, we will do it - but in January that will not be easy.
"We have money, and why should I not spend it if it is to find the right players? I believe as well the first and most important thing is to keep confidence in the players we have. If we are consistent, we can come back."
Five players, including young England players Jack Wilshere and Alex Oxlade-Chamberlain, signed new deals this week to keep them at the Emirates Stadium on a long-term basis.
That will give the side a lift ahead of the trip to Wigan when Arsenal know a victory could take them above London rivals Chelsea, who play Aston Villa 24 hours later.
But Wenger insisted he has no problem with the amount of money he has been given to spend in the transfer market over the past few seasons, despite also losing stars like Cesc Fabregas, Samir Nasri and Alex Song.
"I believe I have always had the support from the board, and I am very grateful for that," Wenger said.