Shearer wrote in The Sun: "A club that contested the 2006 Champions League final and used to battle for the highest domestic honours are now mere also-rans.
"They can't even claim bragging rights in North London - Spurs are now the team that thrills in that part of the world.
"The defence for Arsenal has long been the fact that they 'play football in the right way'.
"But I've always hated that nonsensical term.
"The right way to play football is to win and Arsenal have not been doing that enough in major competitions for some time.
"Eight years without a trophy and counting."