The Gunners failed to bring in a prolific striker to replace their talisman and former captain Robin van Persie, who scored the opening goal in the 2-1 loss to Manchester United at Old Trafford, but instead chose to spend 11 million out of 24 on misfiring French striker Oliver Giroud who has scored just one Premier League goal while Van Persie is leading the charts with eight goals this season.
The North London club is just two points behind fourth place Everton and Tottenham but face competition from city rivals West Ham United and Fulham, both on 15 points.
It all looked smooth when they drew 1-1 at the Etihad Stadium against the champions Manchester City. But their form suddenly dipped after the loss at home against fierce rivals Chelsea. However, Arsenal hit back with a win on the road to West Ham.
However, against Norwich, Arsenal were clear favourites to walk away with three points but that was not the case with the Canaries as they fought hard to defend the only goal scored at Carrow Road.
A week later the Gunners hosted Queens Park Rangers and came out with a narrow 1-0 win. In their last match, Arsenal visited Old Trafford and were outplayed by the Red Devils despite the 2-1 scoreline suggesting a close tie.
Arsenal's record this season reads P10 W4 D3 L3, similar to Londoners West Ham and Fulham. Their only spark this season would be the little Spanish magician Santi Cazorla who was bought for 17 million from Malaga. The 27-year-old playmaker is joint top-scorer with three goals.
Had Arsenal drawn against Chelsea and Manchester United including three points against Norwich, Wenger's side would currently be on fourth place with 22 points, level with champions City.
Except for the loss at Old Trafford, Arsenal tend to dominate possession in midfield but lack penetration and finishing in the attacking third.
With so little consistency, can the Gunners reach the top-four and compete with the giants of Manchester along with Chelsea? Arsenal are far from challenging for the title but it's early to judge after 10 matches in the Premier League.