Question is more, who would come in and take that squad to the next level? Realistically.
Wenger, he's NOT the same man who was in charge 10 years ago, so theres many people who could do better.
The best manager in the world who insists on playing Diaby and Denilson because some ridiculous morale principle of winning the league without spending a dime(but 110mil on wages) isn't going to get you anywhere, nor is one who is slowly losing the entire team, can't motivate them, can't win anything, and lies to his players consistantly year on year to make them stay, that only works so long.
Hiddink, lol, Ancelloti will be available soon and if allowed to choose his own transfers(assuming Ramires wasn't his choice) could replace the dross.
I think a lot of non sentimental managers, who haven't brought in guys like Diaby and Denilson, Song, Djourou and spent years and years with them, would sell them in an instant and replace them with whose required. They'd see the team and play 4-4-2, they'd stop buying strikers and insisting on playing them on the wings.
I think Arsenal are becoming the new Liverpool, a few fantastic players propping up an ever worsening team, with those players losing faith with the manager slowly and will start looking to leave while their form dips ever lower.
I mean, why after the best part of 2 seasons worth of games and Arshavin playing well on the left, with Bendtner completely worthless on the left, did he all of a sudden start switching them for entirely no reason, I can't answer it, I don't think any sane person could come up with a reasonable answer.
Wenger has these deluded idea's that just don't work, buy a striker, play him in multiple positions and he becomes a better player. So far ONE player he's done that too and its worked, Henry, dozens of players now its failed to work, but he still does it??? Can't spend transfer fee's, but can spend 100mil + on wages, somehow transfer fee's are bad, but a ridiculously large youth squad, of who almost no one ever makes it into the first team, is fine, money is money, you're trying to buy a title if you have a small youth team and buy your first team, or have a huge youth team, costing a lot, and still buy your whole first team as Wenger's done.
Two completely random, non working, non sensical idealistic things Wengers introduced to Arsenal that fail time, and time and time and time again.