In his latest column for Sky Sports, Paul Merson says Arsenal will be hurting after defeats to Aston Villa and Bayern Munich damaged their chances of finishing the season with silverware, but believes they have the chance to get back in the title race with three wins in a week.
The Gunners will be looking to bounce back from a shock defeat at home to Villa last Sunday and their Champions League exit in Munich on Wednesday when the travel to Molineux to face Wolves on Saturday Night Football, live on Sky Sports from 7pm; kick-off 7.30pm.
With Man City, who top the Premier League by two points, in FA Cup semi-final action against Chelsea on Saturday, Arsenal have the chance to go back to the top of the league table with a win at Wolves.
And with Mikel Arteta's side facing Chelsea at the Emirates Stadium on Tuesday (kick-off 8pm) before Man City next kick a ball in the Premier League against Brighton two days later, they have the chance to go four points clear of Pep Guardiola's side, who will have two games in hand.
Speaking to Sky Sports, Merson still believes it will be difficult for Arsenal to win the title this season, but thinks they can give themselves a chance with three straight victories, which would pile the pressure right back on Man City.
Read on for the Magic Man's thoughts in full.
'Getting a result at Bayern was always going to be tough'
It was a hard game for Arsenal in the Champions League.
Bayern Munich are seasoned pros at this level and they were at home. They were always the favourites to progress after getting a draw in north London.
Arsenal haven't played in a game like that for a long time. It's a first experience for a lot of the players and they didn't really know how to tackle the key moments in both games.
They had never been in a position like that before and to go and try to get a result at the Allianz Arena against Bayern was always going to be tough.
'Despite defeats, progress there for all to see'
Arsenal seem to be falling away again just at the wrong time, like they did last season.
Last year, they were 2-0 up against West Ham and were pegged back to 2-2. They were also held to a 3-3 draw at home against Southampton. They were poor results.
However, look at the two teams they have just played, though. Aston Villa are a good team and they are fourth in the league. They are there for a reason and have done the double over Arsenal.
Bayern Munich are a giant of the game. They have one of the best strikers in the world and many of their players have so much experience right at the top level.
It's completely different to last season for Arsenal. There is no shame in losing to Bayern.
There is progress and improvement there for all to see at the club. Let's not judge it all on what happened in Munich and against Villa.
'They are up against one of the best teams in the world'
It's difficult for Arsenal because they are up against one of the best sides in the world in Man City for the league. Don't forget Liverpool are there too. It's so competitive.
We just saw what City did to Real Madrid. Although they didn't get the result, they played them off the park. I was blown away by City's performance.
I wouldn't beat Arsenal up over this little blip, and it's down to the players now to show it is just a blip.
I wouldn't go as far to say they've melted or bottled it as some are, but they've now got to learn from this and kick on again.
'Players need to show a response'
There is a small glimmer of hope for Arsenal.
They have three games in the next week or so against Wolves, Chelsea and Tottenham. If they win these three games they have every chance of finishing the season with the Premier League title.
They are certainly capable of doing that, but it is now down to the players and how they react to these setbacks.
We all know this group has talent. They can play. They have proved that over the last two seasons.
Now it is about what is upstairs for these Arsenal players. Mentality is what defines the best players from the average ones.
I don't think these Arsenal players need to show anybody anything. They have been amazing for the club.
To win things, you have to be ruthless and now is the time for the Arsenal players to step up and haul themselves back into contention.
All they can do now is win the next three games and that would force Man City to have to keep winning. It would mean there would be no room for error for Pep Guardiola's side.
'Playing first big advantage to Arsenal'
It's a massive week for the Gunners.
It will be hard. There is no doubt the defeats to Aston Villa and Bayern Munich have been a kick in the guts for them. They will be down because it's hard to take. Within a week the season is on the brink of full-on collapse. It's happened before, particularly to Arsenal. Things quickly change.
Everyone feels tired when you lose football matches. It takes its toll on the players and also the manager. However, that can turn around quickly with a couple of wins.
If you win, you know you got top of the league. Psychologically it will help Arsenal massively. Then a win against Chelsea opens up the gap and then City have to win. That pressure can do funny things in football and points on the board is always the position you want to be in.
But they have to do their job, starting at Wolves. They have to make that advantage of playing first and getting ahead of City count.
Arteta has to play his best team. Trust in the players that have got you to where you are. They have not become bad players and a bad team overnight.
Watch Wolves vs Arsenal on Saturday Night Football, live on Sky Sports from 7pm; kick-off 7.30pm