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Published 20:01 3 Aug 2017 BST
Updated 20:03 3 Aug 2017 BST
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Arsenal have broken their own transfer record this summer, paying £44million for French striker Alexandre Lacazette - not even a quarter of the fee PSG have parted with to land Neymar.
"We crossed the £100m line last year and only one year later, we’re crossing the £200m line," Wenger added.
"When you think that Trevor Francis was the first £1m player and that looked unreasonable, that shows you how much distance and how far we have come, how big football has become. It’s beyond calculation and beyond rationality.
"This is why I always pleaded for football to live within its means. The numbers are now comparable to the NBA basketball. They are out of context with society.
"The price of a player depends on the identity of the buyer and you can not put it on the context of the market. It is the financial potential of the buyer that decides."Quiz: Name every third place play-off winner in World Cup history
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