Arsene Wenger is one of the best managers the game has had, and is arguably only second to Sir Alex Ferguson when it comes to the greatest managers of the Premier League era.
However, Arsenal fans were left confused and a little worried after Wenger claimed his side could win the Premier League title even without any new signings, when speaking during the Emirates Cup.
Arsenal finished last season scraping into fourth above Tottenham on 73 points. That's a huge 16 points behind eventual champions Manchester United.
Tottenham were arguably the better side last season and only the annual Spurs collapse prevented them from finally finishing above the Gunners.
After the disappointment of missing out on Champions League football Andre Villas-Boas has wasted little time in the transfer window, upgrading his already strong squad. Saldado, Paulinho and Chadli are very strong signings and will undoubtedly improve his talented side.
Gareth Bale may leave for Real Madrid, but even without him it's difficult to separate the north London sides in terms of quality now Spurs have acquired some excellent new players.
Having potentially an extra £105m to spend on recruitments will give Villas-Boas a much wider selection of players to target for improvements were Bale to leave the club.
These new Tottenham signings are more than capable of making up the solitary point that separated the two teams last year. And Tottenham don't look to be satisfied yet as they are reportedly targeting Etienne Capoue from Toulouse.
Arsenal have only signed 19-year-old striker Yaya Sanogo from French side Auxerre on a free transfer. He's a talented player but he's definitely one for the future.
At the present moment, Tottenham clearly have the stronger squad, and with their current group Arsenal will have a tough time finishing above them, let alone above Manchester City (who have bought big), Manchester United and Chelsea. I do stress that there is still time left for significant changes at the aforementioned clubs.
Wenger's optimisim appears to come from Arsenal's strong run in at the end of last season and the probable improvement of their younger players.
Wilshere, Walcott, Chamberlain, Jenkinson, Ramsey and Gibbs are all still young and will benefit from last season's experience going into this term. The same thing can also be said for the young players at Tottenham, United, City and Chelsea.
The younger players at Arsenal will improve and they will benefit from that but it's not enough to make up a 16 point gap, not by a long shot.
One positive (the only positive) to take from Arsenal's summer activity so far is the clearing out of players like Arshavin, Squillaci, Santos, Denilson and Djourou, who simply aren't good enough.
Gervinho and Chamakh are close to agreeing moves away from the club also with Bendtner not far behind them. After this major clear out of deadwood Arsenal's squad is beginning to look rather thin.
Luis Suarez is Arsenal's top target and adding him to an improving side could catapult them to contender status.
This looks like a saga that will run till the very end but after Suarez's recent comments about Liverpool the odds look to have swung Arsenal's way. Even if they did capture his signature, though, winning the title is still a very tough ask.
Wenger will be working on other targets but with players being signed here there and everywhere you have to wonder who's left on their long list of targets.
Sebastian Perez and Alharbi El Jayedaoui are both on trial at Arsenal and could line up in the red and white shirt next season. Perez is a gifted passer of the ball and a tough tackler and could be a classic Wenger signing if he impresses during his trial.
Alharbi El Jayedaoui is unlikely to get Arsenal fans excited. He's a 26 year old midfielder playing in the French second division and he's never played a game of top-flight football.
You'll need to do better than that, Arsene, if you're ever going to win a trophy again.
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