The north London side will be looking to improve their form in the top flight this term after Arsene Wenger’s men finished in a disappointing fifth place last season.
That meant that the Gunners missed out on Champions League qualification, with the north London side set to settle for Europa League football this term.
Wenger has bolstered his squad with two more signings so far this summer after wrapping up deals for both Sead Kolasinac and Alexandre Lacazette.
However, former Arsenal man Merson feels that the Gunners are likely to miss out on Champions League qualification once again and drop even further down the table.
Speaking to Sky Sports, Merson said: “I think they’re a long way off still, I really do. I don’t see Alexis Sanchez staying at Arsenal by September, and when you look at the rest of the team, I don’t see it happening.
“Alexandre Lacazette is a good player, but not everybody else was going after him. If you’re good and playing in France, PSG will be after you, or Monaco, who lost a lot of their players. That’s my worry. He plays that one-two, which will be good for Arsenal, but he’s not going to beat three players.
“People talk about Arsenal in the Europa League, maybe suggesting they won’t bother trying in it, but Arsene Wenger still has to fly out somewhere on the Wednesday, won’t get back until the Friday. It is still tiring.
“Therefore, I would tell Steve Bould to be in charge of the Europa team, and Wenger could work at home with the Premier League team.”
Arsenal, who won the FA Cup back in May, were winners over Chelsea in the Community Shield at Wembley on Sunday afternoon after they triumphed on penalties against the Premier League champions.
The north London side kick off their Premier League campaign against Leicester City at The Emirates on Friday night as they look to get off to a winning start in the top flight.
MORE: Man United latest news
MORE: Arsenal latest news
MORE: Chelsea latest news
MORE: Liverpool latest news