Last season, Arsenal were good for long periods without ever fully hitting top gear and challenging Chelsea. This time round though, Wenger is nicely perched at the top of the table, level on points with City, while his arch-nemesis Jose Mourinho is wallowing in the depths of footballing despair, a familiar foe walking on dangerously thin ice...
Arsenal are back. After 11 years without a Premier League title, the Gunners are finally in a position to challenge once more and return to the summit of English football. They're second in the table, the British press and television pundits are purring and it's only a matter of time before Arsene Wenger has his hands firmly on the trophy again, right? Wrong!
This is largely the same side which has fallen short two seasons in a row now, and in the few years before then didn't come close at all. Arsenal may be contenders now, they may still be in February. But come May 2016, when it matters the most, will Arsenal really be in a position to challenge History suggests not.
How does one best describe Arsenal's transfer policy - frugal, thrifty and economic? Or miserly, close-fisted and stingy? Opinions on the subject are closing in on the latter after Arsene Wenger's total summer signings numbered just one first team player - Petr Cech.
Maybe a few years ago, this would have been a squad that was only capable of breaking the top four, but at a time that Manchester City are in transition and a time when Chelsea's squad looks surprisingly thin beyond their stellar first XI, maybe it is finally Arsenal's time to have another crack at the Premier League title.
After failing to fire during Arsenal's 0-0 draw against Chelsea on Sunday, Henry expressed that Arsene Wenger needs to sign four new players in order to take the next step to Premier League title winners. Now he's not far wrong, but he listed that finding a replacement for Giroud should be one of Wenger's main concerns.
Wenger's Arsenal side are coming to their peak as a team. They put in a late joust at the title this season, they're overwhelming favourites to retain their FA Cup title, and they've got the potential to improve even further next season. Why would you take that stability and throw it out of the window?
Arsenal are like that talented kid at school - the one who who has so much to offer, but is a little scared of the spotlight. He prefers to just fade into the background and while he might be a little proud of what he's done, he doesn't like the attention on him. Nor the pressure.
The likes of Sami Khedira and William Carvalho have been linked with the club, but if Wenger wants somebody who will not need time to adapt to the league and will be available at a snip, here are six Premier League targets he could consider.
Arsenal have been heavily criticised in recent years and there is much debate as to why they continually fail to win the Premier League title or shoot themselves in the foot during key matches. However, critics are far too harsh towards the Gunners and here are five reasons why they should change their tune.
Whilst other clubs may feel they can never replicate the 'Invincibles', the real problem for Arsenal is that they cannot hope to either, with the past heroics of remaining undefeated now more of a hindrance than an inspiration.
As with any break, mangers and coaches have had the chance to regroup and plan the squad's development for the coming months. Improvement is the obvious aim for all the clubs, but for some teams the improvement will need to be far more dramatic than others.
It is this sort of patience and uncertainty that precludes the restless and impatient, and because of these things, constantly successful Mourinho from being anywhere near the right fit for the Arsenal model. For a club that continues to model itself on actualizing potential, Wenger is still the right man.
To bring out the best in a player of Özil's quality, a manager must build a team around him. Wenger strived to do this last season with 24 of his 25 league starts coming in the number 10 role. It's understandable why the Frenchman would do this, with the attacker widely regarded as one of the most creative players in world football.
Welbeck will get goals for Arsenal and it won't take him very long to find his shooting boots. £16 million what a bargain! Exciting times for Arsenal fans, if Arsenal are in a similar position to where they were last season come January and they actually decide to buy that strong holding midfielder everyone has been talking about then the title challenge is well and truly on.
Arsenal fans need to start considering what sort of football club they want to be. Wenger will forever be enshrined in their proud history, but is he the man to take them forward? His careful stewardship has seen The Gunners enjoy many incredible times. However, just one solitary FA Cup win since 2005 tells its own story.