Martin Odegaard says Arsenal management are targeting Champions League success in two years' time.
Odegaard, who impressed in a loan spell last term, made his second debut for the club in the 5-0 defeat at Manchester City last time out.
It leaves Arsenal rooted to the bottom of the Premier League having not scored a goal in their opening three games.
He was quizzed on his ambitions and told Sky Sports: "To get the club up the table, near the top of the league and fight for European football and fight for trophies.
"I think for this season obviously we want to get back to European football. That will be important for us, the players, the club and the fans.
"Then hopefully with time, win trophies, Champions League and hopefully win the league within a couple of years."
Arsenal haven't played in the Champions League since 2017.
The Gunners playmaker added: "I think thats from everyone, this club needs to be at the top, needs to play European football and I think everyone agrees.
"It is not something we've talked a lot about but that's just how it should be in this club. That's the standard."