Former Chelsea and Norwich City striker Chris Sutton says Arsenal fans should be "desperately disappointed" after the board showed no intent in the transfer market.
The Gunners signed three players so far this summer but fans are still expecting two big signings in the offensive department and in defence.
Other teams who will fight for the Premier League added important players to their squads with Chelsea signing N'Golo Kante and Manchester United adding Henrikh Mkhitaryan and Zlatan Ibrahimovic.
Arsenal will be without regular centre back Per Mertesacker for months and Olivier Giroud was heavily criticised after going on a 15-game goal drought last season.
"I just worry about Arsenal again this season," Sutton told BBC Radio 5 Live.
"They've shown absolutely no intent.
"I think the board and Wenger are letting the fans down. I just don't know where Arsenal are going. If I was an Arsenal fan I'd be desperately disappointed.
"They've said they're not going to spend. The board are happy, aren't they? Every year: 'Champions League football, we'll get the money…' A manager who can choose when he leaves, they've got no intent.
"They had a great chance to win the league last season. They just don't spend and if you're an Arsenal fan you'll think 'top four, we won't win anything'
"You see Manchester United and Manchester City showing intent, it's just getting harder and harder.
"Until Wenger goes Arsenal won't win the Premier League."
