Arsenal have made just one high-profile signing this summer.
Arsenal manager Arsene Wenger before the start of the match
Injuries to the likes of Per Mertesacker and Gabriel meant Wenger was forced to pair Callum Chambers and new acquisition Holding at the centre of defence against Liverpool and they were massively exposed.
Wenger has insisted that the club are ready to spend when it is appropriate, but the current situation at Arsenal has proven to be an upsetting one for fans, who booed the players off after Sunday's defeat.
Arsenal continue to be linked with Valencia defender Shkodran Mustafi and Lyon forward Alexandre Lacazette, but the respective £30m and £60m valuations of the two players by their clubs are proving a major stumbling block.
Former Tottenham manager Redknapp has sympathised with Wenger, but also feels the Frenchman must address the issues in his side and take a dip into the transfer market.
"Arsenal are struggling to find players because they have set high standards for themselves," he told the Evening Standard.
"Injuries in pre-season have cost them but it is still a big gamble to pay £30m for Shkodran Mustafi from Valencia or £40m for Atletico Madrid’s Jose Gimenez. Arsenal fans want Wenger to sign Alexandre Lacazette but how can he be worth anything like the £60 million Lyon are apparently asking?
"Arsenal just need to play the transfer market game a bit more. Lyon know they have got Arsenal where they want them over Lacazette — they are going to screw them into the ground over the fee. [As] hard as it is to complete big deals, the mood at Emirates Stadium suggests the bigger risk for Wenger is doing nothing."
Wenger's statements that the club are not afraid to spend may serve to appease restless fans, but more proof of his and the club's intent would be to secure the signings that will ultimately strengthen the side.
Arsenal manager Arsene Wenger