If Sagna and Cazorla depart, they join an impressive group deemed not good enough by Arsene Wenger, or that left in search of silverware.
If Arsenal get to the FA Cup final, and end up lifting the trophy in May, it will be their first competition win in nearly nine years.
During that barren period, a lot of criticism has been levelled at manager Arsene Wenger, and a lot of players have come and gone from the club. The Frenchman himself has consistently commented on his belief that the young players in his squad are on the verge of becoming a genuine Premier League force.
With Bacary Sagna and Lukasz Fabianski looking likely to leave North London this summer, and with Santi Cazorla emitting worrying noises of a possible exit too, we've put together a slightly forward heavy side of those that departed Arsenal in search of success, as well as those deemed surplus to requirements by Wenger, that may have had something to offer the Gunners.
The eleven below, defence and goalkeeper not permitting, would arguably be vying for the Premier League title, rather than in danger of slipping out of the Champions League places.
Lukasz Fabianski - Much like current number one and fellow Pole Wojciech Szczesny, for years Fabianski looked like a highly promising goalkeeper who, when the odd mistake was made would be deemed not good enough by sections of the Arsenal support. Though Szczesny is very much the better goalkeeper, Fabianski has proved his value, noticeably in the two Bayern Munich games this year. Having already said he is looking to leave Arsenal this summer with his contract set to expire, it would be no surprise if he ends up a top keeper elsewhere.
Bacary Sagna - A mainstay of the Arsenal defence for years, Sagna is on the radar of a whole host of major clubs across Europe with his contract set to expire in just a few months. Whether it is Wenger's tradition to offer shorter deals to players over 30, or a desire to move to another side challenging for trophies more often, the Frenchman would be a major loss to the Gunners back line.
Alex Song - Song's move away from Arsenal has been a mututal disappointment for all parties. The Cameroon has struggled to find form and consistent playing time at Barcelona despite registering some winners medals, while a fee of £15 million didn't reflect how good Song was in his final season in North London. There are rumours he may be interested in a return to the club.
Gael Clichy - His and Samir Nasri's defection to Manchester City really hurt Wenger and the Arsenal fans, not only because they were young Frenchmen perfectly tuned to the the Arsenal way, but also because they achieved immediate success in City's title winning campaign. The emergence of Kieran Gibbs has helped minimise Clichy's loss, but the Londoner has yet to hit the heights of the French international.
Cesc Fabregas - No one could begrudge Fabregas the move back to his childhood club, however much of a blow it was to Arsenal. Though he retains a place in the hearts of most Gunners fans, the six trophies in two years compared to the two in eight at Arsenal serve as an example to those such as Cazorla who may have thoughts on leaving.
Samir Nasri - Nasri looked like a potential Arsenal great after a phenomenal 2010-11 season, not to mention a penchant for netting against Spurs nearly every time the sides met. That his transfer came so late in the window was perhaps a direct result of Clichy's and Fabregas' exits, but was undoubtedly influenced by the trophy lull. The former Marseille man also suggested recently that Stan Kroenke played a part in his departure, and that a title in his first season proved a move was the right step.
Gervinho - The Ivory Coast international was much maligned during his time at Arsenal, despite being such a feature of Lille's Ligue 1 triumph in 2011, and there were few tears shed when he moved onto Roma at a small loss. As it turned out, the move has been a spectacular success for Gervinho and his new side, with some outstanding performances seeing Roma in second place in Serie A under the stewardship of former Lille boss Rudi Garcia. With 10 goals and 12 assists in 32 games, Gervinho may have been worth holding onto considering the problems Arsenal have had out wide this season.
Santi Cazorla - It came as somewhat of a surprise when Cazorla discussed a willingness to leave if Arsenal continued to struggle to challenge for honours. The Spaniard told the Mirror recently : "I want titles and that is why I came to Arsenal. Every football player wants to win titles. We've gone many years without winning one. And if not, what I'll look for in my next destination is to have the chance to win." Whether the FA Cup is sufficient silverware to stop such thoughts, only Cazorla can say.
Robin van Persie - Like several of the players on this list, the mere fact Robin van Persie would consider a switch to a rival as perennial as Manchester United was sacrilege for Gunners fans. In a sense it was the most evocative representation of the desperation Arsenal stars had for silverware, and though it might now be some time before Van Persie wins another trophy, he too managed a league title in his first season away from the club.
Carlos Vela - Another player deemed not good enough at Arsenal, it may have just been the case that Vela didn't suit the style of football played in the Premiership. However, he never got the starts someone of his potential deserved under Wenger, who clearly rated the Mexican, and an outstanding record of 43 goals and 28 assists in three seasons at Sociedad have proved it was a mistake to let him go, especially for the paltry sum of £4 million.
Emmanuel Adebayor - Though many Arsenal fans would never admit it, how they would have wished for a striker of Emmanuel Adebayor's calibre to arrive in the January transfer window. Now at rivals Tottenham of course, Adebayor has three goals more than Giroud since then despite playing fewer minutes and for a side looking to change their manager. Adebayor has once again proved he is a top striker, and he has one more trophy than if he would have stayed at Arsenal, a Cope del Rey win while on loan at Real Madrid.