Michael Owen believes Arsenal will miss out on a top four spot next season – despite signing Alexis Sanchez.

The Gunners finished fourth last term, seven points behind winners Manchester City, and are expected to launch a title challenge this season.

Arsene Wenger has taken the Barcelona man to the Emirates, and is expected to tie up a deal with Newcastle defender Mathieu Debuchy in the coming days.

But they are set to miss out on a Champions League qualification place next season, according to ex-Liverpool and Man United striker Owen.

“I have been really impressed with Arsenal’s signing of Sanchez,” he told talkSPORT. “They have been missing a bit of quality but [they’ll miss out].

“The signing of Sanchez has made everyone sit up and take note. I really do rate him, he’s a top player and it’s a big step in the right direction.

“But, in no particular order, my top four for next season would be Chelsea, Man City, Man United and Liverpool.

“Arsenal haven’t had any real stand out players in the last few years, like Thierry Henry. They have just lagged a step behind.”