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'Something will happen in the next 12 months'- Arsenal boss Arsene Wenger predicts major shake-up to transfer market

is predicting a major shake-up to the transfer market in the next year.

The Arsenal boss has already suggested in recent weeks that UEFA's Financial Fair Play regulations should be overhauled, as he thinks they are too easy to bypass.

Paris St Germain more than doubled the world record transfer fee when they signed Neymar from Barcelona last month and Premier League spending in the summer window reached almost £1.5billion.

German chancellor Angela Merkel called for football's administrators to act on the spiralling fees earlier this month, and Wenger said that the rules regarding transfers should be tightened or scrapped altogether.