Arsenal boss Arsene Wenger is delighted with his new-look squad.
"We are in a much stronger position now because last summer we lost Nasri and Fabregas, and on top of that we lost Diaby and Wilshere [to injury]," he told Arsenal Player. "So we lost four players at the start of last season and that is not the case this time.
"We want to [compete for honours] and we have a desire to. We are up for it and what we want is to come out of the season and know we have given our best. I feel we did that last year, finishing third with the start we had.
"The first target is to do as well as we can in every single game and see where we stand at the end of the season. But of course we want to fight for the championship."