The Gunners passed up the opportunity to qualify for next year’s competition in their 4-1 defeat by Chelsea in the Europa League final.
And the fact that they finished outside the top four in the Premier League means it may be a struggle to attract top players when the transfer window opens.
Unai Emery thinks Arsenal can attract talent despite a lack of Champions League football
Emery believes the stature of the club could be enough of a lure for stars to join his ranks but accepts a lack of top tier competition could have an impact.
Asked if the defeat will affect his targets, the Arsenal boss said: ‘Maybe, but I think we are a big team and I think Arsenal are a big name in the football world.’
After a disppointing campaign many think there is the need for a large turnover of players at the Emirates ahead of next season.
Pierre-Emerick Aubameyang and Co suffered a heavy 4-1 defeat by Chelsea on Wednesday
‘It is not the moment to speak about that. We need to analyse, speak to the players and the club,’ the Spaniard added.
‘We are in one process and we need in this process to be strong in our idea, strong in our way, and that’s the reason why we started this season to get more competitive like a team, get closer to the other teams. And we’ve done that.
‘At the moment it’s not enough for our target, but the next week, the next year, we’ll continue with that in mind.
‘The club is working to improve also and to take all we need to improve and to do our way. And also we have a lot of players with the possibility to improve and grow up with us. I am positive for our future, creating our way and getting better in our way.
Emery believes that Arsenal are still a big club and can lure players with their profile
‘We have good, big players with experience and some young players. Next year with this experience behind us we’ll take even more.
‘I think this year we’ve used to be closer to the other teams. But next year we need the same players, the same idea, maybe also to add some new players to give us some situations we can improve.
‘But it’s the same way as this year, just to take one more step. A lot of players who have played their first year with us can get better and give more in performance for us.’