Arsenal heroes Paul Davis and Nigel Winterburn says Freddie Ljungberg will regret his move to West Ham United.
Winterburn, who was an integral part of the fabled Highbury back four in the 1980 and 90s, told The Sun: "I can see Arsenal finishing in the top two.
"They haven't spent much money but they are improving and the youngsters have had another year's experience, which is vital.
"There's no pressure and, if they learn to cut out the silly mistakes, I can see Arsenal finishing in the top two, let alone the top four.
"Yes, Henry was world-class and yes he will be missed but Arsenal are a lot better than people are giving them credit for at the moment.
"I'm expecting a lot of Robin van Persie while Theo Walcott could come through in a big way. Arsene is such a shrewd manager that all Arsenal fans can look forward to the new season with optimism."
Davis, who made 447 Arsenal appearances between 1979 and 1995, added: "Arsenal and Wenger's ambition cannot be questioned.
"You can see the team he is trying to build and they will be a success as Wenger has a fantastic way of producing special players. I'm sure Arsenal are going to surprise a lot of people this year.
"People aren't going to fancy them too much but they will definitely finish in the top four and I have us down as winning a cup as well.
"Don't write Arsenal off just yet, there's a lot more to come."
