That is a slight worry. Players are going to look to manu first as they have a recent track record. However, players are going to chavs who have only won one league title in the last 5 years - only 1 fewer than us.
I'm sure there are plenty of great players who would look to play for the Arsenal still, because we are, despite everything, one of 3-4 clubs most likely to win trophies in the PL. If Citeh, Liverpool and (shudder) spuds can make themselves title contenders over the next year or so, then there will be a bigger issue getting players in. The fact is, although we have failed at the last hurdle a few times, we are close - frustratingly close - and a really top player might feel that he and another can be what makes the difference between nearly made it and actually getting the title and want to join because of the glory they will have, not just of being in the winning team, but also feeling they made the difference. Maybe that is what Wenger / Gazedis will be saying to prospective buys over this transfer period.