Hill-Wood stated that Wenger will be able to use whatever income is generated from player sales to invest in new talent as the club look to challenge Chelsea and Manchester United for the Premier League title next season.
"It is our policy that we give the manager a transfer budget, which includes the ability to use all the money from player sales,'' he told Soccernet.
"He [Wenger] will get the money no matter how much we got from selling a player."
With no pressure to sell from the Gunners board, Barcelona may be forced to pay more than they bargained for if they are to get their No.1 target Fabregas.
Hill-Wood himself refused to comment on the issue of the Spanish midfielder’s future, perhaps not wanting to fuel speculation further.
"Fabregas might stay, he might go, I have no idea, and have no intention of making any comment on the subject,” he said.
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