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Arsenal fans are again believing they can challenge for the title after the club made a statement with the acquisition of Alexis Sanchez.
The Gunners beat Liverpool to the signing of Sanchez last week when the former Barcelona forward put pen to paper on a long-term deal worth around £30million.
But former Reds striker Michael Owen expects Arsene Wenger's side to take a backward step next season, despite making early moves in the transfer window.
In Pictures: Arsenal's new Puma kits for 2014/5 season
While accepting Sanchez is 'a top player', Owen believes Arsenal's closest rivals are strengthening sufficiently and believes Manchester United will return to the top-four shake-up next term.
"The signing of Sanchez has made everyone sit up and take note," the 34-year-old commentator told talkSPORT.
"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, Manchester City, Manchester United and Liverpool."
