That’s the verdict of Arsene Wenger, who’s currently gearing up for his final two games in charge of the sixth-placed Gunners.
Arsenal made the club-record capture of Alexandre Lacazette last summer before trumping that deal in January by buying Pierre-Emerick Aubameyang.
But they’re well off the pace set by their traditional top four rivals and faced a surprise threat from Burnley as they looked to secure Europa League football for next season.
Arsenal have been linked with a whole host of top talent as they look to build a side capable of competing at the top end of the Premier League during the 2018/19 campaign.
Arsene Wenger, who’ll leave north London after 22 years this summer, doesn’t think a raft of changes need to be made to the squad he’ll leave behind though.
“I would say the squad doesn’t need much because there’s huge potential there,” he said.
“It needs two or three additions and this team will compete for the championship next season.”
Arsenal’s transfer stategy will be dictated by Sven Mislintat, Raul Sanllehi and the manager who succeeds Wenger.
Changes to the side Wenger leaves behind are likely to be made from back to front when the transfer window reopens.
Arsenal have been tipped to replace the veteran Petr Cech and inconsistent David Ospina with a new goalkeeper.
They’re expected to bolster their defence and middle of midfield once they get the chance too.
Arsenal might move on a number of forward-thinking players as well, opening the door to potential reinforcements coming in.