Arsenal were thrashed 5-1 at home to the Bundesliga giants in the second leg of their last-16 tie earlier this evening.
After the humiliating defeat at the Allianz Arena in the first leg, the Gunners lost 10-2 on aggregate.
Arsene Wenger’s future has been the subject of intense speculation, and he could leave the Emirates at the end of the season.
And Gunners legend Wright is in no doubt about the scale of the challenge facing his old club.
“The first game was more upsetting than this,” Wright told BT Sport.
Arsenal player ratings against Bayern Munich
Tue, March 7, 2017
Express Sport brings you Arsenal's player ratings from their embarrassing 5-1 (10-2 agg) defeat to Bayern Munich
1 of 11
GK: David Ospina – 0
Arsene Wenger saw Arsenal humiliated against Bayern Munich
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Ian Wright doesn't know how Arsenal will respond for the rest of the season
We're going through a period in our history that's the worst
“I thought the guys had a bit of a go. After the penalty decision it started to go against us.
"It's a sad day because we've gone out again at this stage. We're going through a period in our history that's the worst.
"With everything that's going on you have to say it will take some sort of monumental effort for Arsenal to turn it around in terms of the drive and determination of the players.
“It feels like something is coming to an end."