Lauren wants Arsene Wenger to spend big in the summer transfer window
Arsene Wenger is set to confirm his new two-year deal with Arsenal today, ending months of speculation about his future.
Reports suggest the 67-year-old will also be handed a bumper £100million transfer kitty to strengthen his squad in the summer.
And with the Frenchman's future now secure, former Arsenal defender Lauren thinks it is about time the club got underway with its transfer business.
"We back him because it is a good thing that he has signed a new contract," Lauren told BBC Radio 5 Live.
Arsene Wenger has reportedly been handed a £100m summer transfer kitty
I believe Arsene Wenger should go to the transfer market and spend some more
"But obviously people ask him to win things and I believe that he should go to the market and spend some more because the competition is getting tougher and tougher.
"They have to do more effort to sign a few top players, to win the Premier League, the Champions League.
"In a top competition you really need at least two or three top players added to do that."
And Lauren also stressed the importance of Arsenal hanging on to their existing stars like Alexis Sanchez and Mesut Ozil.
Arsenal transfers: Most likely summer deals Wed, May 31, 2017
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"Also [it's important] to keep the top ones, like Alexis Sanchez and some others," he added.
Sanchez and Ozil are both approaching the final year of their contracts and have reportedly been offered record new deals by the club.
The former Barcelona man is said to have been tempted with £270,000 a week plus bonuses, while Ozil has been offered a £220,000-a-week deal with add-ons.