The Gunners have not lifted a trophy since their FA Cup final triumph over Manchester United back in 2005, despite reaching the Champions League final and two League Cup finals.
Jol, whose side travel to The Emirates on Saturday, believes it has become increasingly difficult for the Gunners to challenge the Premier League big spenders such as Manchester City and Chelsea.
But the Dutchman has revealed his respect for Wenger’s approach in the modern-day game.
“If you look at the likes of Manchester City with almost half a billion spent, Manchester United, it’s not easy nowadays,” said Jol.
“Can you expect a team like Arsenal to win things, with Chelsea, Man City, Man United, all these clubs?”
Asked if supporter anger was justified, Jol said: “I don’t think you have to be angry. Frustrated is probably the better word.
“Angry with Wenger? Wenger created the new Arsenal, almost.
“Maybe in three years’ time, they will hope and pray to get someone like Wenger.”
“I’m not an Arsenal fan – as you well know – but I always admired Wenger for what he did. There is not one other team in the top four doing the same thing with the same philosophy.
“They always manage to find the players who are younger and create value on the pitch.
“Seven years [without a trophy]? That’s a long time. Of course, it’s probably not what an Arsenal fan wants.”
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