The money is now available to buy almost any player in the world.
"We would back him to break the club's transfer record. If he wanted the man, he could have him," he said.
"Apart from Lionel Messi and Cristiano Ronaldo, he could have any player."
Wenger, who has been Arsenal manager since 1996, has guided the Gunners to three Premier League titles and five FA Cup wins.
They went nine years without winning a trophy before lifting the FA Cup in 2014 and 2015.
Wenger's top signings |
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Mesut Ozil - Real Madrid, £42.4m, September 2013 |
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Alexis Sanchez - Barcelona, £35m, July 2014 |
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Andrey Arshavin - Zenit St Petersburg, £15m, February 2009 |
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Santi Cazorla - Malaga, £15m, August 2012 |
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Alex Oxlade-Chamberlain - Southampton, £15m, August 2011 |
He also spent £35m on Chile forward Alexis Sanchez last summer.
"Money was tight when we moved to the Emirates but it's a lot freer now," said Lord Harris. "We could go into the market and probably buy any player in the world, apart from half a dozen who are unbuyable.
"We get a list of the players that Wenger wants. On the list is a centre forward, but I'm not going to tell you who he is.
"You've got to get the other team to want to sell him, but I think he wants to come. It basically comes down to whether the other team can find a superstar to replace him, because they don't have to sell."
Arsenal signed goalkeeper Petr Cech from Chelsea in a deal worth about £10m earlier this summer.
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