"After the result over the weekend (beating Manchester City in the Community Shield) ... There has been a lot of positivity over the summer (after the FA Cup win). We are no more a selling club, we are a buying club and we've bought some great players this summer," the Swede told PTI at the Puma launch of Arsenal's new jerseys here.
Asked what are Arsenal's chances in this year's Champions League, Ljungberg said "We have got some great players in the squad after whipping out cheque book to buy players. I believe the mentality is a big factor this season and there are a lot of players in the squad with positive belief."
"Of course we are going to go for it. I think we need to go all the way and not end up top until January or February. We have strong squad this year," he said.
Ljungberg said there is a bright future ahead for Arsenal, which ended their nine-year lean patch with victory in FA Cup last year, with Arsene Wenger having the wherewithal to get best players, which was witnessed by signing of Mesut Ozil and Alexis Sanchez.
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