After missing out on a place in the Champions League last season, Mikel Arteta will hope to guide the Gunners back to Europe's top table in the 2022/23 Premier League campaign.
The Gunners put themselves in a great position to end their five-year wait for Champions League football, but a strong end to the season from Tottenham saw them overhaul their great rivals.
As a result, Arsenal have gone big in the transfer market as they seek to prove they can still mix it with those at the top.
A top-four finish for Arsenal can be backed at 7/4, something which would represent progress in 202/-23.
England Premier League 2022/23
|When||5th August 2022 - 28th May 2023|
|How to watch|
Selected matches broadcast on Sky, BT Sport and Amazon Prime
|Odds||Manchester City 4/7, Liverpool 2/1, Tottenham 14/1, Chelsea 16/1, Manchester United 33/1|
Top four is the obvious aim for Mikel Arteta's side this season. The Spaniard will have been in charge for three years come December and, after spending a signifcant amount of money this summer, returning to the Champions League is vital.
Last season, it was widely acknowledged that the Gunners had one of the youngest squads in the Premier League and they were a work in progress.
However, with the arrival of Brazilian striker Gabriel Jesus designed to give them more goals up front, and Oleksandr Zinchenko also now on board, there will be bigger expectations this season than last.
Strong progress in the Europa League will also be on the agenda as Arteta's side will have to get used to playing European football once again.
Another domestic cup will be targeted too, with the Gunners priced at 12/1 to win the FA Cup and 16/1 for the League Cup.
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Arsenal make the short journey to South London to face Crystal Palace in their first Premier League match of the season on Friday 5th August.
Last season saw Arsenal pick up only one point in two games against the Eagles - a 2-2 draw at the Emirates was followed by a 3-0 humbling at Selhurst Park in April.
It is another reunion with Patrick Vieira and potentially another tricky game to open the season with - Arsenal are 11/10 to win, with Palace 23/10 and the draw 5/2.
The North London derby with Spurs is always one to look out for and Arsenal will host the first one, currently scheduled for Saturday 1st October, while the return fixture comes on Saturday 14th January.
The Gunners will also be battling Manchester United for the top four and the two great Premier League rivals go head-to-head at Old Trafford on Sunday 4th September and back at the Emirates on Saturday 21st January.
Arsenal's last match before the break for the World Cup is away to Wolves, while a home match against West Ham on Boxing Day welcomes them back to the season.
Mikel Arteta was appointed as Unai Emery's replacement in December 2019 and he has continued Arsenal's tradition of playing neat and tidy possession football.
The 40-year-old learned a lot under the tutelage of Pep Guardiola at Manchester City before returning to the club where he ended his playing career.
He delivered the FA Cup in his first season in charge, although two finishes outside the top four since mean questions are still being asked over whether Arteta is the right man for the job.
Given the money being spent by the Gunners, improvement is expected.
Fabio Vieira (FC Porto)
Marquinhos (Sao Paulo)
Matt Turner (New England Revolution)
Gabriel Jesus (Manchester City)
Oleksandr Zinchenko (Manchester City)
Dinos Mavropanos (Stuttgart)
Alexandre Lacazette (Lyon)
Harry Clarke (Stoke, Loan)
Omar Rekik (Sparta, Loan)
Tyreece John-Jules (Ipswich, Loan)
Mika Biereth (Waalwijk, Loan)
Jordi Osei-Tutu (Bochum)
Daniel Ballard (Sunderland)
Nikolaj Moller (Den Bosch, Loan)
Matteo Guendouzi (Marseille)
Zak Swanson (Portsmouth)
Ovie Ejeheri (Chelmsford, Loan)
Auston Trusty (Birmingham City, Loan)
Omari Hutchinson (Chelsea)
Marcelo Flores (Oviedo, Loan)
Ryan Alebiosu (Kilmarnock, Loan)
Arthur Okonkwo (Crewe, Loan)
Nuno Tavares (Marseille, Loan)
Mazeed Ogungbo (Crawley, Loan)
Bernd Leno (Fulham)
Folarin Balogun (Stade de Reims, Loan)
Charlie Patino (Blackpool, Loan)
Pablo Mari (Monza)
|Star player||Bukayo Saka|
|Exciting youngster||Gabriel Martinelli|
It will be very interesting to see how Jesus fares at Arsenal given they have spent £45million to bring him in from Manchester City.
The Brazilian was always a good goalscorer at the Etihad, but he was rarely a first-choice under Pep Guardiola and he was frequently deployed as a winger last season - this season, when he is likely to play centrally, he is 20/1 to be the league's top goalscorer.
Elsewhere, the Gunners are stacked with attacking talent as Bakayo Saka continues to get better and better, while Martin Odegaard, Emile Smith Rowe, Martinelli and new addition Fabio Vieira will all be competing for starts.
Goalkeeper Aaron Ramsdale proved to be a solid addition between the sticks and Ben White helped add more composure to the backline.
Jesus and Martinelli are likely to go to Qatar with Brazil, while Takehiro Tomiyasu and Granit Xhaka are mainstays for Japan and Switzerland respectively.
Saka has become a key player for England owing to his versatility and is almost certain to be on the plane to Qatar.
Ramsdale is likely to serve as one of England's back-up goalkeepers, while White could also sneak into the group if he has a good next few months. Smith Rowe is another contender, but only if he plays more regularly for the Gunners.
Cedric Soares should also be at the tournament as a squad player for Portugal.