Following their traditional late season collapse, Arsenal's hopes of securing their first Premier League title in a decade were unfortunately reduced to tatters due to a particularly potent cocktail of injury strife and a chronic lack of urgency in the winter market.
Thankfully for long-serving Arsene Wenger, however, they have the small matter of an FA Cup final coming next month, with relatively lackluster opponents in Hull - who succumbed to an emphatic 3-0 defeat to Arsenal only on Sunday - presenting a fantastic chance for the Gunners to finally put an end to their miserable trophy drought.
While there is obvious excitement building ahead of May's final, it is evident that many Arsenal fans - along with the supporters of various other top-flight clubs - already have one eye on the summer transfer market which opens in July.
With Arsenal seemingly in danger of losing their place in the top four to a spirited Everton side who have gone from strength-to-strength under the guidance of the affable Roberto Martinez, there are a number of areas that appear to require attentions.
And while it is pretty clear that, with the imminent departure of the woeful Nicklas Bendtner, Wenger has a need to prioritise the search for a new striker, I believe the purchase of a talented goalkeeper may also be in order for Arsenal to successfully re-assert their status.
Although current number one Wojciech Szczesny has undeniably made significant progress since being given the opportunity to cement a starting berth at the Emirates Stadium, there remains a nagging feeling that he is still not quite good enough to covet such a regular role for a team with supposed title aspirations.
Earlier today, it was reported that Dutch 'stopper Tim Krul was considering his future at Newcastle, with the insinuation that he may need to perform on a slightly bigger stage in order to secure a permanent place in the Netherlands' international setup.
If indeed such claims are accurate, Arsenal should make a summer move for Krul and install him as first-choice ahead of Szczesny.
While some of the Dutchman's stellar performances may have gone unnoticed at times during what has been a somewhat bizarre season at St. James' Park, there is simply no doubting his talents and it is about time that they were recognised by a club of Arsenal's stature.
If Wenger does not have any immediate intention or inclination to replace Szczesny, the purchase of a new goalkeeper to provide the Pole with adequate competition appears necessary with doubts surrounding the future of current back-up and compatriot Lukasz Fabianski and Palermo loanee Emiliano Viviano incredibly unlikely to remain with Arsenal when his temporary deal expires at the end of the season.
Krul would supposedly command a transfer fee of approximately £10 million - a price that hardly seems particularly extravagant for a hugely-gifted player who, at just 26, has the prime of his career still to come.
Arsenal fans - what are your thoughts on Szczesny, should Wenger be looking for a replacement? Would Tim Krul fit the bill? Have your say below.
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