Arsenal slipped to fifth in the table on Saturday as Liverpool replaced them in the top four with a convincing 3-1 win over the north London outfit at Anfield.
Manchester United are only one point behind Wenger's side in sixth, but unlike Arsenal, they remain unbeaten in their last 17 league games.
Martin Keown is concerned Arsene Wenger won't be able to deliver a top-four finish
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But is he still at the highest level? Is he still able to mix it with Jose Mourinho, Pep Guardiola, Jurgen Klopp and Mauricio Pochettino?
And former Arsenal defender Keown believes Wenger's time may be up at the end of the season if they fail to finish in the prestigious Champions League spots.
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"There is a quality about him as a man that is unusual in football. If you play for him, you are drawn to him," he told the Daily Mail.
"But is he still at the highest level? Is he still able to mix it with Jose Mourinho, Pep Guardiola, Jurgen Klopp and Mauricio Pochettino?
"They are bright, hungry, young managers. Arsenal could finish outside the top four this season, which might provide the answer.
"None of us are worthy to tap him on the shoulder and convince him his time is up at Arsenal. He has to see it for himself.
"I'm pretty certain he does know it. But he wants to go out as a winner, as a champion.
"Football is his best friend. Maybe winning the FA Cup and finishing in the top four might achieve that.
"He has been the greatest manager in Arsenal's history and he deserves to go without so much fury and recrimination."