Arsenal chief Ivan Gazidis insists the squad does not need big changes.

Speaking at the Arsenal Supporters Trust earlier this week, Gazidis said: "I am not happy where we ended up but I am pleased we are disappointed by it.

"There are other clubs who would feel this is a good position. Or we could say in December 'if someone had said we'd have been in this position then we would have bitten their hands off'.

"So why aren't we feeling great about it? The answer is because we have higher expectations.

"But this is not a situation where we should be over-reactive and feel that we are in crisis. We are not. We have a team with an average age of 23 or 24 that went to the Champions League semi-finals and is going to get better.

"Does it need to be supplemented? Quite possibly but it is a very, very promising situation for the next four or five years.

"So right now I think it is important to have some perspective and be brutally realistic with ourselves - but not only on the negative side but the positive side as well."