The former Gunners striker thinks Tottenham have improved while Arsenal have stood still.
“It’s hard for me to say it but with Spurs playing with intensity, quality and determination, the power shift is certainly around there," he said.
Wright lambasted his old club for standing still, while praising Mauricio Pochettino's work at White Hart Lane.
“Arsenal have stood still, while there’s been a mentality change for Tottenham," Wright added. "Mauricio Pochettino has slowly got his team playing at a tempo which teams are finding hard to deal with. When you sprinkle that with quality from the likes of Kane, Alli, Alderweireld and Lloris, then the spine is so strong."
The former Gunners hitman did go on to say there are plenty of exciting times ahead for Arsenal though, with their abundance of exciting youth.
"With young players like Iwobi, Welbeck, Bellerin and Coquelin, Arsenal have something to build on," he said.
Arsenal have flattered to deceive this season, while Tottenham have earned plaudits for their high intensity style football, and this could be the first campaign in which Arsène Wenger has failed to finish above Spurs in the league.
The Gunners host Crystal Palace at the weekend while Tottenham travel to the Britannia Stadium to take on Stoke City, as they both look to gain ground on Leicester City in the title race.