Arsenal are among a handful of clubs to have won at least three Premier League titles. However, the Gunners haven't won the competition since their historic unbeaten season in 2003-04.
Last season, Arsenal failed to qualify for Europe for the first time in more than two decades. Their woeful form continued into the new season as they lost their first three league games without scoring a goal. However, the Gunners have since recovered to move to 11th after seven games.
The Gunners may have struggled to get results of late, but that does not mean they lack talented players, who have cost the club a small fortune to rope in.
On that note, here's a look at the five most valuable Arsenal players at the moment.
Note: All player valuations and stats are as per transfermarkt unless mentioned otherwise.
#5 Nicolas Pepe - €35 million
Nicolas Pepe hasn't exactly set the stage on fire since arriving at Arsenal in the summer of 2019. But the Ivory Coast international has been a steady performer for the Gunners.
Last season, the 26-year-old showed glimpses of his potential, scoring 16 goals and bagging five assists in all competitions. Despite his exploits, the Gunners endured another trophyless campaign.
Pepe, known for his dribbling prowess, has scored just once in six games across competitions this season. Arsenal will need more from the mercurial winger if they are to become genuine title contenders.
#4 Ben White - €40 million
Ben White arrived at Arsenal for big money this summer. The Gunners splurged a reported €58.5 million for his services after his productive stint at Brighton & Hove Albion.
Considering his limited experience in the Premier League, the move raised plenty of eyebrows; White had played only one full season in the competition before. Unsurprisingly, the England international made a slow start to life at Arsenal, but has picked up the pace in recent games.
The 24-year-old is one of Mikel Arteta's first-choice centre-backs and he will need to keep improving as the season progresses if Arsenal are to qualify for Europe.
#3 Martin Odegaard - €40 million
Arsenal's Martin Odegaard is one of the most exciting and skilful young players in the game at the moment.
He made his debut for Real Madrid almost six years ago, but failed to break into their first team. Earlier this year, Odegaard impressed during a six-month loan stint at Arsenal. That prompted the Gunners to acquire the Norwegian permanently this summer.
Still only 22, Odegaard has impressed with his composure and ability on the ball, especially from set pieces. He has made six goal contributions (three goals and as many assists) in 26 games for Arsenal across competitions.
Arsenal will look to Odegaard for inspiration and creativity in midfield over the rest of the season as they seek to improve on their dismal eighth-place finish last time around.
#2 Thomas Partey - €40 million
Thomas Partey transformed into one of the finest defensive midfielders in the world during his time under Diego Simeone at Atletico Madrid. However, the Ghana international has had a stop-start career at Arsenal since arriving for €50 million last year.
Partey has been plagued by injuries, which have limited his time on the pitch. He has managed to play just 38 games in all competitions for Arsenal in almost two years, providing three assists.
The 28-year-old will need to up his game and live up to his lofty price tag if Arsenal hope to finish in the top six after a dismal start to their campaign.
#1 Bukayo Saka - €65 million
Bukayo Saka is one of the most exciting young midfielders in the game at the moment.
The 20-year-old has already racked up almost a century of appearances for Arsenal across competitions, scoring 13 goals and assisting 22. Saka had a breakthrough campaign last season, bagging seven goals and nine assists in all competitions.
His displays earned him a spot in Gareth Southgate's squad for Euro 2020, where he was instrumental in England reaching the final.
Saka will look to continue his development this season and evolve into a world-class player.