The Gunners mounted a considerable title challenge last season, but ultimately saw their hopes fall apart in the second half of the season, and once again had to make do with finishing in fourth place. That does mean that Champions League football is once again coming to the Emirates Stadium, and they did manage to end their nine-year trophy drought with the 3-2 FA Cup final success over Hull City.
Yet fans are looking for more than the FA Cup. They want domestic and European success, and in order to achieve that, manager Arsene Wenger must spend heavily this summer in order to strengthen his squad.
Things have been slow on that front up to now, but reports suggest that the club are on the verge of snapping up right back Debuchy and forwards Sanchez and Remy, with the trio costing just around £50m in transfer fees – just a year after landing Mesut Ozil for £42.5m.
The capture of the German international playmaker couldn't help the Gunners land the Premier League title, so can the three expected signings help them claim top spot in May 2015?
The departure of Bacary Sagna meant that Wenger had to bring in a new starting right back, and Debuchy appears to be the perfect solution. He's already moved ahead of Sagna in the pecking order for his country, and he's acclimatised to life in the Premier League. Rather than simply a replacement for Sagna, Debuchy is an almost certain upgrade.
Meanwhile, Chilean international Sanchez brings the same star power that Ozil did last year, but will offer something much different. The Barcelona man, set to sign for Arsenal for £32m, possesses exceptional pace and goalscoring ability, which will be a welcome boost to an Arsenal side that struggled to break teams down at times. Sanchez, 25, would walk into any side in the Premier League, and it's just the sort of signing Arsenal needed.
French striker Remy enjoyed a fruitful season-long loan spell with Newcastle United last term, scoring 13 goals in a tough campaign for the Magpies. Much like Sanchez, Remy offers the Gunners game-changing pace, and that was desperately needed in a bid to support Olivier Giroud.
So far, Wenger had made all the moves he needed to – a right back who is ready to replace Sagna from day one, and pace up front. Now, he must look to add depth at goalkeeper and centre back, whilst a tough, nasty defensive midfielder would really allow Arsenal's creative players to go forward and score the goals to win games.
They're not there just yet, but Arsenal look in a better position to mount a serious title challenge than they were a year ago. Just a couple more additions could do it for Wenger, who has almost landed key players already.