The Gunners have failed to claim a trophy since lifting the FA Cup back in 2005, with their last Premier League title triumph coming in 2003/04.
Retaining the services of captain Cesc Fabregas was an essential part of the Frenchman's summer plans, but he has also brought in additional experience in the shape of defensive duo Laurent Koscielny and Sebastien Squillaci, plus striker Marouane Chamakh.
Wenger, who recently signed a new contract to keep him in North London until 2014, will not shift from his approach to keep Arsenal on a sound financial footing and believes they are hindered by the riches afforded to rival Premier League teams.
Wenger told L'Equipe: "People are always saying that we haven't won anything for five years. This is true, but we have always remained at the highest level, even during difficult periods in the club's life.
"Arsenal built a new stadium and we have to pay for that, while also building a new team which had reached the end of a cycle.
"What would you say to Manchester City if they did not win any trophies this season after investing £200million?
"To me, the main reason why we have not won anything in five years is the fact we play in the best league in the world against club that have unlimited funds.
"Of course I want to win trophies. Our hopes for the season are always the same - we are fighting for the Premier League title and want to win the Champions League.
"The plan is to continue our improvement with the strength of our team and their youth.
"My players don't have the excuse of inexperience any more. They are eager for titles. I believe they are capable, but they have to show it."