Arsenal's ability to attract a marquee talent to the club in consecutive summer transfer windows - Mesut Ozil in 2013 and, most recently, Alexis Sanchez - has seen the North London side emerge as elite-level players in the market.
For one ex player, though, it is perhaps not Arsene Wenger's frugal planning in past years that has led to a new era of Galactico-type recruitment, but more a sign of a good board of directors, as Robert Pires credits the upper brass for the signing of "a world class star".
Speaking to La Tercera via Daily Star, Pires waxed lyrical over the ability of the Chilean - who starred for his nation throughout the FIFA World Cup tournament and even returned exceptional statistics at Barcelona despite being limited to a bit-part status on the fringes of the first team.
"His preference for Arsenal is a big gesture for the Arsenal family," said Pires, 40, a two-time titlist with the Gunners and a player with a hat-trick of FA Cup winners medals in his trophy cabinet.
"I'm very happy because the Arsenal board have signed a world-class star," he added.
Arsenal ended a barren run of silverware to win the FA Cup last season and the Frenchman opines that the best is yet to come as he hopes the Champions League will arrive in the coming seasons.
"I am sure Alexis will help to win titles. He played pretty well in the World Cup. I like his offensive skills and I believe he will fit very well to the system that Arsene Wenger has in mind.
"I am sure Arsenal will win a title this season and hopefully it will be the Champions League," he concluded.