Arsenal hero Emmanuel Petit has declared he "doesn't recognise" the club these days.
Petit has slammed Arsenal's transfer policy.
He told The Sun: "I don't recognise this club anymore, I don't see the Arsenal blood on the pitch.
"It's not the question of money because Arsenal have the power to put £70million on a player if they want to.
"It's a question of profile - who do you want for your team in terms of character and quality?
"What are Arsenal doing in the transfer market? I don't understand it. They spend money - a lot of money sometimes - but on the wrong player."
Petit, who won the Premier League and FA Cup during his three-year stint at Highbury, also criticised some of Arsenal's senior players.
He said: "To be honest, I'm not really convinced - for four, five, six years now - with 60 per cent of the team.
"This is a turning point for Arsenal, they are at the end of the world. They need to take the right direction or else they'll drop, drop and drop again and it'll be more difficult for them to attract players.
"You need to be more efficient in the transfer market because Arsenal cannot rely on academy players.
"With all the respect I have for [Bukayo] Saka and [Emile] Smith Rowe - they have been playing brilliantly, especially Saka - but the other players - the experienced players - what have they brought to the team since they've arrived?
"Ask yourself the question and try to get the answer with honesty. You have to look at yourself in the mirror."
